But most of NZIER’s shadow board pick the OCR will sit between 3.5% and 4.5% a year from now.
Infometrics reckons the economy expanded at an annual pace of 2.7% in the March quarter.
High level of people switching sectors to stay in work and earn more through the pandemic, according to RBNZ.
The central bank will scout for talent while on a visit to the United States next month.
The central bank gets quizzed at select committee about the latest Financial Stability Report.
Unemployment expected to rise as economy slows after repeated OCR hikes.
Times are tough but New Zealanders are resilient: Financial Services Council panel.
Stats NZ data comes in as expected, with unemployment remaining near historic lows.
RBNZ’s Financial Stability Report shows system ‘resilient’ and ‘well placed’ to help struggling Kiwis.
But more borrowers expected to fall behind in repayments this year, according to the RBNZ.