Reserve Bank may follow the US Fed and slow the pace

Reserve Bank may follow the US Fed and slow the pace
Rising interest rates are straining household budgets. (Image: Getty)
Rebecca Howard
This week’s jobs data cemented the view the central bank will hike by “just” 50 basis points this month, to 4.75%, in particular after the US Federal Reserve (the Fed) opted to lift the benchmark rate by 25 basis points.Its target range is now 4.5% to 4.75%.  The Federal Open Market Committee's statement did have a promise for "ongoing increases" in rates and chair Jerome Powell told media it would take a "couple more" hikes to get things fully under control, Bloomberg reported.However, he also sai...

More Economy

Budget 2024 may ruffle the RBNZ's feathers
Economy

Budget 2024 may ruffle the RBNZ's feathers

Economists say the Treasury is being too optimistic. 

Business asks: does the Budget match NZ's needs?
Economy

Business asks: does the Budget match NZ's needs?

'Hope of better times ahead' as the government does what it said it would.

What ‘responsible tax relief’ looks like
Economy

What ‘responsible tax relief’ looks like

'This relief is well overdue,' finance minister Nicola Willis said.

Gregor Thompson 30 May 2024
Budget 2024 delivers says finance minister Willis
Economy

Budget 2024 delivers says finance minister Willis

The government expects a surplus in the year to June 30, 2028.

Rebecca Howard 30 May 2024