The RBNZ looks to have one more hike up its sleeve

RBNZ takes a hawkish view of the interest rate track. (Image: Getty)

Thu, 30 Nov 2023

Chances are very good that New Zealand’s central bank has one more rate hike up its sleeve.“The watch, worry and wait now has a 'willing' sitting in there as well,” Reserve Bank of NZ (RBNZ) governor Adrian Orr told media after keeping rates on hold at 5.5%. Wednesday’s monetary policy statement took markets by surprise when the central bank lifted its forecast interest rate track and clearly said it would hike again if necessary. The market had been expecting it to lower the track and had even been pri...

Subscribe to BusinessDesk

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

You can cancel anytime with two clicks, an email or a phone call.
Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

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.

Credit Card

Cardholder's name

{{ __(plans[index].name) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

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 }}

World

Some people think AI writing has a tell—the em dash

Commenters on social media have zeroed in on the humble punctuation mark.

The Washington Post 5:00am

Books Review

‘The Humble Investor’ and ‘How Not to Invest’

Betting against others’ overconfidence is key to beating the market.

The Wall Street Journal 5:00am

‘The Humble Investor’ and ‘How Not to Invest’

Opinion

Simon Robertson: Markets: it’s always the right time

Following the tariff crash, Q1 newsletters will make for some great reading.

Simon Robertson 12 Apr 2025

Sponsored

Go beyond reporting zero emissions

Clean energy that helps businesses and communities thrive

Meridian Energy

Sponsored

New life in property market

Tax rule changes are bringing back mum-and-dad investors.

Fletcher Living

More Economy

Economy

Manufacturing sector keeping head above water

New Zealand’s manufacturing sector remained in expansionary territory for a third consecutive month, according to the latest BNZ – BusinessNZ Performance of Manufacturing Index (PMI). The seasonally adjusted PMI for March was 53.2, down from 54.1 in February. A number above 50 m...

Rebecca Howard 11 Apr 2025