New Zealand Treasury cuts its forecast for inflation, sees 3.3% from 4.1% prior ...Middle East

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New Zealand Treasury half yearly up New Zealand to see slower growth than forecast in half yearly update Sees annual fy24 GDP at +0.1% down from +1.5% forecast in half yearly update Sees annual fy25 GDP at +2.1% up from +1.5% forecast in half yearly update Sees annual fy24 CPI at +3.3% down from +4.1% forecast in half yearly update Scenario is not a fiscal forecast as does not include all information from government entities New Zealand Finance Minister Nicola Willis: OBEGAL surplus in 2027-2028 is possible but it’s not a given Will not be chasing OBEGAL surplus in any given year “at any cost” OBEGAL surplus in 2026-27 almost certainly not achievable--Operating balance before gains

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