NZ could be the first to lift interest rates

Thu, 21 Jan 2021

How times change.Capital Economics is now tipping the Reserve Bank of New Zealand to be the first cab off the rank to lift interest rates. Up until very recently, all the talk was about negative rates. “With the housing market overheating, and surveys pointing to rising price pressures, we think the RBNZ could become the first advanced-economy central bank to hike interest rates,” said Capital Economics economists Marcel Thieliant and Ben Udy.NZ’s economy returned to pre-virus levels in the third quarter, spending data in...

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