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Economics
3 mins to read

More gloom, more pain, more rate hikes expected

ANZ October business survey reveals further pessimism and stubborn inflation outlook.

Illustration: Michael Hickmott.

Jonathan Mitchell Wed, 26 Oct 2022

Business pessimism has become more intense, with inflation expectations showing little respite.

The ANZ Bank business outlook survey for October fell six points with a net 43% of firms expecting economic conditions to get worse over the coming year.

Inflation expectations sat at just over 6%. Last

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Jonathan Mitchell Wed, 26 Oct 2022
Contact the Writer: jmitchell@nbr.co.nz
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
RBNZ Adrian Orr OCR inflation recession Economy Miles Workman Satish Ranchhod Christina Leung NZIER
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More gloom, more pain, more rate hikes expected
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