Larry Williams Drive

The Reserve Bank may be able to pull back its heavy lifting of interest rates to manage inflation. Unemployment edged up to 3.4 percent in the December quarter with inflation stubborn at 7.2 percent. ASB's Senior Economist says it shows the economy isn't as hot as the Reserve Bank had feared early this year. Mark Smith says factors suggest the labour market will slow more and the economy is due for a turning point later this year.See omnystudio.com/listener for privacy information.