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9 Feb 2025 7:33
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  •   Home > News > Business

    An economist doesn't believe the Reserve Bank will actually raise interest rates -- despite it saying it may need to

    An economist doesn't believe the Reserve Bank will actually raise interest rates -- despite it saying it may need to


    It's held the Official Cash Rate at 5.5 percent -- and its forecast track suggests no rate cuts on the horizon until mid-2025.

    Independent economist Tony Alexander says he thinks that's just a threat.

    He says the Reserve Bank hasn't allowed for El Nino -- which will hit farming sector incomes -- and hasn't allowed for fiscal tightening from the government, which doesn't seem correct.

    © 2025 Newstalk ZB, NZCity

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     Today's News

    Cricket:
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    Business:
    Financial pressure for home-owners is set to ease as inflation stabilises 7:17

    Politics:
    A number of changes to New Zealand employment law are possible 7:07

    Law and Order:
    A manhunt's underway after someone was stabbed in Auckland's Tititrangi last night 5:57

    Living & Travel:
    A Hamiltonian's just become a multi-millionaire, winning $10.5 million in tonight's Lotto draw 21:56

    International:
    Critics Choice Awards red carpet: Ariana Grande, Nicole Kidman, Zoe Saldaña and more 21:06

    Accident and Emergency:
    A motorcyclist's died following a crash in Parikino, northeast of Whanganui this afternoon 20:46

    Environment:
    Firefighters have contained a grass fire in Hunua, southeast of Auckland 19:27

    Politics:
    A former SPCA worker has been awarded $29,000 in compensation and back pay 18:57

    Rugby League:
    Tohu Harris has explained why the decision to retire from rugby league was taken out of his hands 18:47


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