New Zealand Rates Held Higher For Longer As Hawks Fly!

May 22, 2024 00:09:02
New Zealand Rates Held Higher For Longer As Hawks Fly!
Digital Finance Analytics (DFA) Blog
New Zealand Rates Held Higher For Longer As Hawks Fly!

May 22 2024 | 00:09:02

/

Show Notes

The Reserve Bank of New Zealand left the Official Cash Rate at 5.5% on Wednesday, saying that Restrictive monetary policy has reduced capacity pressures in the New Zealand economy and lowered consumer price inflation. Their statement on Monetary Policy had a decidedly hawkish tone, signalling rate cuts will be delayed until around August 2025, which is implying that markets are pricing cuts about 12 months too soon. This is important as we will see, later. And folks, 5.5% is significantly higher than the weaker 4.35% in Australia, suggesting that we could be facing higher for longer too. The report said […]

Other Episodes

Episode

January 21, 2024 00:08:38
Episode Cover

Actually, In Some Areas Home Prices Are Falling!

I get very tired of the high-level reporting of home prices, because as you know I believe we have many discrete markets, which are...

Listen

Episode 0

December 03, 2023 00:25:27
Episode Cover

Many Banks Are Torpedoing Small Businesses!

More evidence from the Senate last week, concerning the impact of bank branch closures. The Small Business Ombudsman calls out what is wrong with...

Listen

Episode 0

January 17, 2020 00:12:18
Episode Cover

Is BlackRock An ESG Canary? [Podcast]

Asset Manager BlackRock just made a major announcement which marks a major shift in strategy. We look at the implications.. https://www.blackrock.com/au

Listen