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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Economics
7 mins to read

RBNZ should pause on further rate hike next week: Kiwibank

Chief economist Jarrod Kerr recommends central bank stand still next week following deadly Cyclone Gabrielle, as businesses and insurance companies take stock.

Flooding in the Hastings area, February 2023.

The RBNZ should pause the official cash rate next week, as the country counts the cost from Cyclone Gabrielle and the billions needed to rebuild affected regions.

Police confirmed early this morning another body had been found, of a person believed to have died in the floodwaters in the Gisborne

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Jonathan Mitchell Thu, 16 Feb 2023
Contact the Writer: jmitchell@nbr.co.nz
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RBNZ should pause on further rate hike next week: Kiwibank
Economics,
97714
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