Could the RBNZ set off fireworks?

Could the RBNZ set off fireworks?
Bank economists see possible fireworks ahead for New Zealand interest rates. (Image: Getty)
Rebecca Howard
The Reserve Bank of New Zealand is widely expected to keep rates on hold at 5.5% on Wednesday, but the forecast rate track could set off fireworks. ASB Bank chief economist Nick Tuffley said that “recent events will make the RBNZ [Reserve Bank of NZ] more comfortable with its on-hold stance”, noting that inflation pressures look to be easing as fast or faster than it forecast.“The risk that the RBNZ hikes any further has diminished,” Tuffley said. Could be earlierHe still expects the RBNZ to wait until Feb...

More Economy

Consumer confidence back on the up – ANZ survey
Economy Free

Consumer confidence back on the up – ANZ survey

Consumer confidence rose five points to 98.3 in April, according to the latest ANZ-Roy Morgan survey, shoring up the upward trend that was starting to look wobbly.But inflation expectations also rose sharply – up 0.5 points to 4.7%, the highest reading since July 2023.“Household...

Staff reporters 24 Apr 2025
‘Uncertainty abounds’: Willis on trade war challenges
Economy

‘Uncertainty abounds’: Willis on trade war challenges

The impacts for NZ are twofold and will make its economic recovery harder, Willis says.

Rebecca Howard 23 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025