Inflation surge: ANZ forecasts aggressive official cash rate rises
The bank's economist are now picking six rapid-fire 25 basis point rises to next August.
The bank's economist are now picking six rapid-fire 25 basis point rises to next August.
The strength of inflation data has economists worried that rates may need to rise faster.
NZ's economy faces a "perfect storm" of global and local forces driving up prices.
The New Zealand sharemarket fell to end a volatile trading week.
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A rate hike now, as pandemic bites, is unsettling but hints at bigger problems to come.
Borrowers are going to have to divert more money towards paying their mortgages.
The Reserve Bank has today lifted the Official Cash Rate to 0.50 per cent.
The latest Quarterly Survey of Business Opinion still provides "green light" for OCR hike.
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Tighter loan to value ratio restrictions will come into force from November.
OPINION: Interest rate hikes will most likely be slower than expected.
The country could afford to stay at Level 4 longer, but many Auckland businesses didn't.
Wholesale interest rates are on a roll while expectations of OCR hikes gain momentum.
GDP points to interest rate hikes ahead once we're through the looking-glass of lockdown.
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I might question if the aggressive rhetoric is designed to engineer higher mortgage rates.
The underlying strength of the economy in the past 18 months offers some comfort.
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The Reserve Bank says the housing party is over.
House building at record high levels, mortgage interest rates rising.
Markets are betting that rates aren't on hold for long - we should hope they are right.
"There's a shared view that house price growth has been unsustainable," Robertson said.
The Reserve Bank is keeping the Official Cash Rate at 0.25 per cent for now.
ASB and Westpac have changed their turn and now expect no change to the OCR today.
Last year when NZ went into level 4 lockdown the sharemarket was hit hard.