Dissension in the RBNZ ranks
Kiwibank Senior Economist Mary Jo Vergara joins Bernard Hickey to unpack this week’s monetary policy statement, and to look ahead at an uncertain future for rates in Aotearoa.
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Show Notes
The Reserve Bank cut the Official Cash Rate this week, as expected, but one of the six members of the bank’s rate setting committee voted to hold the OCR. That surprised markets and pushed up the wholesale interest rates that drive fixed mortgage rates. Bernard Hickey speaks with Kiwibank’s Mary Jo Vergara about a very uncertain outlook for rates in the wake of Donald Trump’s Liberation Day shock.
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