RBNZ could hike 50 basis points and signal more to come

RBNZ could hike 50 basis points and signal more to come
The RBNZ is widely expected to hike but it remains to be seen by how much. (Image: Getty)
Rebecca Howard
Last week’s budget and stronger-than-expected migration could result in the Reserve Bank of New Zealand (RBNZ) hiking by another 50 basis points to 5.75% this week and signal more hikes to come. “We had previously thought that the RBNZ would do a final 25bp increase on May 24. Post-Budget, we now expect a 50bp lift in May,” said ASB chief economist Nick Tuffley.  “We think that will be it, but that the RBNZ will flag the risk of a further hike.”The central bank has lifted the official cash rate (OCR) from...

More Economy

RBNZ to cut more than 20% of its workforce
Economy

RBNZ to cut more than 20% of its workforce

The job cuts come after its budget was slashed. 

Rebecca Howard 12 Aug 2025
Jones looking at gas rationing
Economy

Jones looking at gas rationing

“The wholesale hollowing out of the regional manufacturing sector.” 

Ian Llewellyn 11 Aug 2025
Treasury says covid spending overcooked
Economy

Treasury says covid spending overcooked

A new Treasury paper has criticised the last Government for overspending during the pandemic, leaving the country with a high level of public debt that makes it vulnerable to future shocks.The paper calculated the total cost of the pandemic at about $66 billion. It put the total...

Staff reporters 07 Aug 2025
Bridges: Interest rates not enough
Economy

Bridges: Interest rates not enough

The former National Party leader says the economy needs a ‘defibrillator’.

Dileepa Fonseka 07 Aug 2025