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NZ business confidence jumps to a net 40% in September quarter despite oil price headwinds

Firms widely expect interest rates to rise over the coming year, and signs that spare capacity is shrinking would support that view. Easing cost and pricing gauges, however, give the Reserve Bank of New Zealand some room on the inflation side. Oil is the main swing factor: the renewed US-Iran conflict has lifted fuel prices again, and further gains would test NZIER's view that the energy shock is…

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