Jenee Tibshraeny: NZ Herald Wellington business editor on business confidence lifting to 18-month high
Confidence in the economy is rebounding- but this positivity will make things harder on the Reserve Bank.
According to ANZ's Business Outlook survey, business confidence lifted 13 points from -43.8 to -31.1, while expected own activity rose from -7.6 to -4.5.
NZ Herald Wellington business editor Jenee Tibshraeny says this is a double-edged sword for the economy, as the Reserve Bank is still trying to force an economic slowdown to reduce inflation.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.