How high will interest rates go?

All eyes will be on the Reserve Bank's forecasts. (Image: BusinessDesk)

Mon, 23 May 2022

The Reserve Bank of New Zealand is widely expected to hike rates by 50 basis points to 2.0% on Wednesday, but the big question is how high will they go?In February, the Reserve Bank of NZ (RBNZ) indicated that interest rates would be 2.8% in the June quarter of 2023 and would peak at 3.4% in the September quarter of 2024. There will be a keen focus on Wednesday on what that track looks like now, given ongoing supply chain disruptions and the war in Ukraine. The central bank will make its announcement on Wednesday at 2pm. Bloomber...

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