Waikato economy showing resilience despite global pressure

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Reserve Bank governor Anna Breman says there is light at the end of the tunnel for the Waikato economy, despite ongoing pressure from inflation and global instability.

Around 180 people packed into SkyCity Hamilton on Wednesday to hear a panel discussion on how economic forces are shaping the region, amid global tensions linked to the war in Iran and high petrol prices.

Recent Stats NZ data showed annual inflation held steady at 3.1% in the March quarter, while the official cash rate sits at 2.25%.

Speaking after the panel, Breman said Hamilton and the wider Waikato region were performing relatively well.

“The town itself has been a little bit more hit like all towns have been - the local services sector has always has gone through a bit of a rough time.”

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