Westpac has put out some useful commentary on interest rates. It says there is a fair bit of confusion around the interest rate outlook at the moment. The Reserve Bank acknowledged the economy is getting better, but in the same breath issued a dovish Monetary Policy Statement and signalled lower interest rates for longer.
"The confusion may have arisen from the fact that the RBNZ’s current thinking does not lie anywhere along the usual simple continuum of views on interest rates. The RBNZ’s view forms the third point of a triangle. And that fact throws up fascinating possibilities about the year ahead," Westpac economist say. Click here to read there full commentary.
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