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

Digital Finance Analytics (DFA) Blog

Nov 29 2023 | 00:12:58

00:00 / 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 0

November 08, 2020 • 00:19:07

After The U.S. Election, What Are The Implications? [Podcast]

In part 2 of my discussion with Salvatore Babones we consider some of the policy implications of a Biden Presidency. Salvatore Babones is Australia’s...

Episode 0

July 06, 2021 • 00:25:57

Property Signs: 5/6th July 2021 [Podcast]

The latest edition of our finance and property news digest with a distinctively Australian flavour. In today’s show we look at Mortgage stress, international...

Episode

January 08, 2020 • 00:03:47

Dwelling Approvals On The Rise! [Podcast]

We review the November 2019 data from the ABS. https://www.abs.gov.au/AUSSTATS/[email protected]/DetailsPage/8731.0Nov%202019?OpenDocument Share this:EmailPrintTwitterFacebookLinkedInReddit