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29 Feb 2024 12:45
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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.

    © 2024 Newstalk ZB, NZCity

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