News | Business
4 Jul 2022 12:15
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    The Reserve Bank is walking a tight rope with rising interest rates

    The Reserve Bank is walking a tight rope with rising interest rates


    Governor Adrian Orr's expected to raise the Official Cash Rate by another 50 basis points today -- from 1.5 percent to two-percent.

    Kiwibank Chief Economist Jarrod Kerr says it could eventually peak at three-percent.

    He says the central bank needs to control inflation, but it can't be too aggressive.

    Kerr says the more interest rates rise, the more house prices fall, and the greater the risk of a recession.

    © 2022 Newstalk ZB, NZCity

     Other Business News
     04 Jul: The number of passengers travelling through Christchurch airport is set to soar
     04 Jul: A final decision on the future of Ihumatao, near Auckland Airport, could be five years away
     03 Jul: Fourth of July weekend is causing havoc at US airports with the highest passenger numbers since before 2020
     03 Jul: Who is winning the war in Ukraine? Putin's forces conquered 20 per cent of the nation, but a chilly deadline looms
     02 Jul: New Zealand's largest chicken supplier is raising prices
     02 Jul: No clear answer over how long the tourism industry will be affected by staff shortages
     02 Jul: Hospitality wages have surpassed the living wage rate
     Top Stories

    RUGBY RUGBY
    Novak Djokovic meets an unfamiliar face in his fourth round match on day seven at Wimbledon More...


    BUSINESS BUSINESS
    The number of passengers travelling through Christchurch airport is set to soar More...



     Today's News

    Golf:
    Golfer Ryan Fox's in the form of his career less than two weeks from the 150th Open Championship at St Andrews 11:49

    Entertainment:
    Hayley Orrantia is engaged to Greg Furman 11:38

    Living & Travel:
    The Loop: Albanese 'visibly moved' on Kyiv visit, NSW flood warning, a scary F1 crash, and Minions take off at box office 11:19

    Politics:
    Australia is opening to the unvaccinated, just in time for the school holidays 11:09

    Entertainment:
    Brian Austin Green has become a father for the fifth time 11:08

    Christchurch:
    A van has flipped into a paddock in North Canterbury 10:49

    Entertainment:
    Aerosmith drummer Joey Kramer's wife of 13 years has died 10:38

    Sailing:
    Two victories for New Zealand rowing crews at the Henley Royal Regatta 10:29

    Health & Safety:
    A call for greater support for children living with rare disorders 10:09

    Law and Order:
    Overcrowding creates 'unacceptable' prison conditions at Darwin Correctional Centre, lawyers claim 10:09


     News Search






    Power Search


    © 2022 New Zealand City Ltd