The heat is on: RBNZ signals more hikes to come

Forecasts show nearly 100bps more of tightening. (Image: BusinessDesk)

Wed, 23 Feb 2022

The Reserve Bank of New Zealand lifted the official cash rate by 25 basis points to 1.0% and signalled plenty more to come in its forecasts.“The committee agreed that further removal of monetary policy stimulus is expected over time given the medium-term outlook for growth and employment, and the upside risks to inflation,” it said. The committee confirmed that the outlook for a higher cash rate at the end of the projection horizon was a balanced reflection of the likely path of interest rates.The central bank now expects the...

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Property

Developer Kurt Gibbons buys Ryman’s Newtown site

The land was formerly the site of Wellington's Tip Top bread factory.

Gregor Thompson 10:30am

The Quiz Free

QuiznessDesk: Thursday, Oct 31

One Night in Bangkok was a hit song from what musical?By inserting an extra letter, what word meaning a small group of trees can be changed to one meaning a dead body?State Highway 2 between Gisborne and Opotiki passes through what gorge?What was the nickname of a 1940s Hollywood...

The Quizmaster 9:15am