Sink or swim? How is it looking out there? - News Summed Up

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Sink or swim? How is it looking out there?


The RBNZ released a bunch of crunchy info for November just prior to the holiday break. On January 25 Stats NZ's releasing the December quarter consumers price index inflation figures. Just a week later, on February 1, we've then got the labour market figures. Another 75 basis point rise was looking like a slam dunk to me as we went into the holiday break, but I see the markets are hedging a bit now, with wholesale interest rates currently pricing a roughly 50-50 chance of either a 50 point rise (to 4.75%) or a 75 point rise (to 5%). As I say, it's looking like a fast start to the year.


Source: Stuff January 15, 2023 23:08 UTC



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