Economists are united in their view that the official cash rate will rise this week – making the Reserve Bank the first central bank in the developed world to start to lift rates this cycle.
Of those polled by mortgagerates.co.nz, all said they expected a 25bps increase with the next monetary policy statement.
The economists pointed to signs of strengthening, such as increasing construction activity, strong export prices, higher household spending and strong migration inflows coupled with a lack of supply keeping the pressure on the housing market.
Reserve Bank governor Graeme Wheeler strongly signalled in January that a hike was coming – economists said at the time he was likely waiting for the March announcement because there would be more opportunity to explain his actions...MORE»
Thursday, March 6th, 6:00AM 1 comment
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Tuesday, March 4th, 10:13AM
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