Inflationary government policies could catch market off guard if RBNZ turns hawkish

Fri, 27 Oct 2017

By Rebecca Howard Oct. 27 (BusinessDesk) - New Zealand's interest rate swaps have barely budged since the new government was announced despite the risk that its policies could stoke inflation, provoking a rate-hike response from the Reserve Bank. The new government, led by Labour leader Jacinda Ardern, has provided a broad outline of a change in economic direction and while the market is waiting for the details, policies such as increasing minimum wage, a regional petrol tax for Auckland, easier fiscal policy and generally a higher cost...

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