RBNZ won't yield on rates, housing changes may delay hikes

The central bank's rate decision will be published at 2pm Wednesday.

Tue, 13 Apr 2021

The Reserve Bank of New Zealand (RBNZ) isn't expected to rock the boat on Wednesday with economists tipping the official cash rate to remain at a record low 0.25%. However, Westpac Bank expects it to remain on hold for even longer after recent changes on the housing front. It previously said RBNZ would remain on hold until early 2024 and it has now pushed that out to early 2025.Westpac points to new regulations around housing weighing on economic activity as a key driver.Both the government and RBNZ have stepped in to take...

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