How high will interest rates go?

How high will interest rates go?
All eyes will be on the Reserve Bank's forecasts. (Image: BusinessDesk)
Rebecca Howard
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...

More Economy

Downside risks to inflation are emerging
Economy

Downside risks to inflation are emerging

May's selected price indexes were weaker than expected. 

Rebecca Howard 14 Jun 2024
People spending less as tough times continue
Retail

People spending less as tough times continue

Latest electronic card transactions data shows retail spending down across the board.

Kaya Selby 13 Jun 2024
From boom to gloom: Fitch doubts future NZ growth
Economy

From boom to gloom: Fitch doubts future NZ growth

Who knows whether NZ will be downgraded, but economic conditions do not look great.

Dileepa Fonseka 13 Jun 2024
Productivity drops for SMEs – Xero
Economy

Productivity drops for SMEs – Xero

Xero's report paints a particularly grim picture for the hospitality sector.

Kaya Selby 13 Jun 2024