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

NZIER forecasts a lower interest rate track

OCR expected to peak at 5% as lagged effect of interest rate increases is felt by households as they switch to higher fixed mortgage rates.

Is there a risk the Reserve Bank pushes interest rates too high?

Brent Edwards Tue, 29 Nov 2022

The New Zealand Institute of Economic Research warns the Reserve Bank might go too far in raising interest rates to contain inflation.

In its latest quarterly predictions, NZIER said inflation pressures remained intense a year after the Reserve Bank started raising the official cash rate.

It said

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Brent Edwards Tue, 29 Nov 2022
Contact the Writer: brent@nbr.co.nz
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NZIER forecasts a lower interest rate track
Economics,
96841
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