Economy

To hike or not to hike? That is the question

Rebecca Howard
Mon, 22 Nov 2021

To hike or not to hike? That is the question

The Reserve Bank is likely to hike interest rates, but not everyone thinks it should. (Image: BusinessDesk)

Rebecca Howard
Mon, 22 Nov 2021

Most market watchers say the central bank will hike interest rates next week but not everyone agrees it’s the right course of action. Are they right? The Reserve Bank of New Zealand (RBNZ) is widely expected to lift the official cash rate (OCR) by 25 basis points to 0.75% on Wed and signal more hikes to come.It really all comes down to whether you think the inflationary pressures hitting the economy are “transitory” or permanent, and how worried you are about the latest covid-19 outbreak and the impact of delta into the...

Unlock all stories
free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
Comprehensive business and markets coverage
News vie email, web and Apple/Android apps

Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Find out more

Subscribe now

Name

E-Mail Address

Password

Confirm Password

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Cardholder's Name

Card

You will be charged in 10 days unless you cancel beforehand. We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service {{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Or Subscribe with Google

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Finance

Deloitte NZ appoints five new partners

Staff reporters | Wed, 01 Dec 2021

Deloitte is increasing its portfolio of senior specialists with 16 new appointments.

Primary Sector

LIC promotes David Chin to CEO

Rebecca Howard | Wed, 01 Dec 2021

Chin replaces Wayne McNee who left after eight years in the role.

Property FREE

Increased listings could herald house price slowdown

Brent Melville | Wed, 01 Dec 2021

Tougher lending constraints, alongside accelerated building and an increased appetite to sell, could see real estate prices come off the boil in the new year.

To hike or not to hike? That is the question

Subscribe now

Or Subscribe with Google

Not convinced yet?

Your company has a subscription

Team