WATCH: Local Edge heads to Nelson/Tasman to assess the health of the South Island economy.
The Iran conflict is sending inflation higher and firms’ confidence lower.
Economic forecaster Infometrics suggests the OCR could rise three times this year from July.
Kiwibank chief economist Jarrod Kerr calls for cool heads, while other banks become more hawkish with rate predictions.
WATCH: The timing around rate hikes is still uncertain as the Iran war keeps inflation higher for longer.
RBNZ governor warned the central bank would act ‘decisively and timely’ to raise the OCR if medium term inflation pressures were baked in and wages were rising.
WATCH: Dollars & Sense debates the economic fallout from the Iran war.
Interest rates could be 15 basis points higher, a paper obtained by NBR under the Official Information Act suggests.
WATCH: RBNZ chief economist discusses inflation pressures and New Zealand’s fragile economic recovery.
WATCH: Dr Anna Breman says the Monetary Policy Committee won’t jump on the immediate fuel shock.