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

December 05, 2024 • 00:08:41

The RBA Faces Mixed Signals, But Will Likely Stand Firm On Rates…

The RBA meets Tuesday, with economists and markets predicting no change to rates. Indeed, not til later next year will rates likely come down,...

Episode 0

July 16, 2021 • 00:22:57

Two Australias: 16th July 2021 [Podcast]

In today’s post we look at the latest construction data, examine the “two camps” in the real estate market, who might get mortgage relief...

Episode 0

February 08, 2020 • 00:30:31

Yeh! Central Banks Will Save Us – The Property Imperative Weekly 8th Feb 2020 [Podcast]

The latest edition of our weekly finance and property news digest with a distinctively Australian flavour. Contents: 00:20 Introduction 00:51 US Markets 02:05 Trade...