Rates will rise but when is the question: Bascand

Deputy Reserve Bank governor Geoff Bascand said it's too early to cry victory.

Wed, 02 Jun 2021

The central bank’s main message is the economy is improving so rates will move higher. The question is when. “Our big story is, you shouldn’t expect to have these extraordinary emergency monetary conditions forever,” deputy Reserve Bank of New Zealand (RBNZ) governor Geoff Bascand told BusinessDesk. Those measures were to cope with the pandemic and “we will see those gradually lifted, if the world keeps improving”.Last week, the RBNZ indicated rates could begin to move higher in September 2022. ...

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