Nicola Willis: Finance Minister on the inflation rate remaining unchanged at 3.1%, the Luxon leadership saga
The Finance Minister is concerned about an expected spike in inflation.
The inflation rate has remained unchanged at 3.1% in the March quarter, despite forecasts of a drop.
ASB economists now expect it to approach 4.5% this quarter, remain above 4% until the end of the year, and remain above 3% until at least the middle of next year.
Nicola Willis told Mike Hosking there's no doubt inflation will rise this quarter.
She’s also refusing to name the five disgruntled National MPs that Christopher Luxon says are behind party leaks to the media.
Luxon's passed a vote of confidence at…
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