'Unsustainable picture': International agency warns NZ is living beyond its means ahead of GDP figures
The financial agency is warning the country's current account balance "has deteriorated significantly".
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The financial agency is warning the country's current account balance "has deteriorated significantly".
Big increase in bonds may be a lot for market to swallow.
PLUS: Why The Warehouse Group is having to restructure again.
Interest rate shock: Bank picks OCR to go up within months Newshub 7 hrs ago Dan Satherley © Video - The AM Show; Image - Getty Images Related video: Reserve Bank won't hike interest rates massively as it'd make housing market 'fall over' - expert. The official cash rate - at a record low since the pandemic hit - will likely start rising again before the end of the year, a major bank is predicting. When labour is scarce wages go up, driving inflation (as measured in the consumer price index, or CPI). Inflation is also being pushed upwards by supply chain disruptions th...
9 hours ago Related video: Reserve Bank won't hike interest rates massively as it'd make housing market 'fall over' - expert. Credits: Video - The AM Show; Image - Getty Images The official cash rate - at a record low since the pandemic hit - will likely start rising again before the end of the year, a major bank is predicting. When labour is scarce wages go up, driving inflation (as measured in the consumer price index, or CPI). Inflation is also being pushed upwards by supply chain disruptions thanks to COVID-19, and high demand in the construction sector, with consents at an all-time hig...