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flag NZ business confidence drops, with ANZ survey showing declines amid rising costs and inflation fears.

flag Business confidence in New Zealand has dropped, with ANZ Bank's latest survey showing an 8-point decline to 54%, and a 4-point dip in firms' outlook to 46%. flag Despite these declines, both measures remain high. flag The survey also noted rising inflation expectations and increased business costs. flag ANZ expects another 50 basis point interest rate cut next month, though future cuts may depend on inflation and supply issues.

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