Kiwi’s Yet To See Higher Rates Thanks To Migration?

November 29, 2023 00:12:58
Kiwi’s Yet To See Higher Rates Thanks To Migration?
Digital Finance Analytics (DFA) Blog
Kiwi’s Yet To See Higher Rates Thanks To Migration?

Nov 29 2023 | 00:12:58

/

Show Notes

The Reserve Bank’s Monetary Policy Committee held the Official Cash Rate at 5.5% Wednesday in Wellington. This was as expected by most economists. But the central bank has been spooked by stronger near-term growth that’s being driven by the return of international students and immigrants after the pandemic. As a result, there was a significant surprise, raising its forecasts for the OCR — implying a greater chance of an increase — and predicting no reduction until mid-2025. This was the final policy meeting of the year and said it will hike them in 2024 if inflation doesn’t decelerate fast enough. […]

Other Episodes

Episode

November 18, 2024 01:11:44
Episode Cover

Its Edwin's Monday Evening Property Rant!

In this weeks show Edwin, our property insider and I look at the latest designs for higher density housing and highlight some important questions...

Listen

Episode

June 04, 2019 00:09:21
Episode Cover

The Reserve Bank Cuts As Expected! [Podcast]

The RBA has reduced the cash rate by 0.25% today as expected. Further signs of a weakening economy, exposed to the international risks which...

Listen

Episode

April 17, 2024 00:12:47
Episode Cover

The Sticky Inflation Problem Will Bite Hard!

US Federal Reserve chairman Jerome Powell has confirmed fears that interest rate cuts in the US would be later rather than sooner as inflation...

Listen