The Reserve Bank's interest rate battle

Up until now the monetary policy committee has agreed to maintain its current stimulatory monetary settings. (Image: Getty)

Rebecca Howard

Mon, 12 Jul 2021

Caution will reign in the central bank’s short monetary policy statement, despite economists beating the rate hike drums. Best guess? It will acknowledge rising inflation and better than expected employment data, but also continue to point to the uncertainties surrounding the world’s recovery from covid-19.The central bank is due to make a rate decision and publish a short statement on Wednesday. New Zealand’s official cash rate is currently at a record low 0.25% and the central bank has indicated it will begin lifti...

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