Michele Bullock has refused to be drawn on whether yesterday's inflation data has made a November interest rates rise more likely, but has delivered a worrisome warning to the nation's renters.
"We see it topping out around about 10 per cent in the CPI and then from there easing," she said, adding that peak would likely be reached in the next two quarters.Michele Bullock says the cost of renting is going to continue increasing over the next six months.
"We're still analysing the number... we have to look at whether or not it's material enough to change our views on monetary policy," she said, adding a rates hike could still be required on November 7.
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