Nick Tuffley: Economic pressure and inflation showing signs of easing

Early Edition with Ryan Bridge

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24d ago 3:05

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ASB's quarterly report reveals economic pressure and inflation showing signs of easing.

We're seeing early signs of a turnaround for the economy...

ASB's quarterly forecast shows signs inflation will fall below 3% over the second half of this year and remain well contained beyond 2024.

They're also expecting GDP to remain flat-to-down over the rest of the year.

ASB chief economist Nick Tuffley told Ryan Bridge even though mortgage rates have started to come down, for some, it'll take time until they see a change in their pay packet.

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