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Investor Presentaiton

New Zealand inflation and interest rates. Demand and supply pressures widespread, interest rates to continue pushing higher. Inflation (% yr) Strong demand and shortage of supplies Economics 15 15 %yr %yr % of business highlighting 8 100 a lack of demand as a 8 CPI excluding food, energy and vehicle fuels constraint % of business highlighting a lack of supplies as a constraint 25 20 Headline inflation 80 00 6 4 RBNZ target band 6 60 4 40 40 2 20 10 10 LO 5 0 0 0 0 2000 2005 2010 2015 2020 2000 2005 2010 2015 2020 2005 2008 2011 2014 2017 2020 Source: Stats NZ Source: NZIER 2 Unemployment rate (%) and Wage inflation (% year) Mortgage interest rates (%) % yr % -Unemployment rate (rhs) 10 5 -Wage inflation (lhs) 7 8 OCR 10 -Two-year mortgage rate Floating rate 8 4 6 3 سر 6 6 CO 5 4 + 2 4 2 2 1 3 0 2 0 0 2005 2009 2013 2017 2021 2010 2012 2014 2016 2018 2020 2022 Source: Stats NZ Source: RBNZ 120 Westpac Group 2022 Full Year Results Presentation & Investor Discussion Pack Westpac GROUP
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