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25 Jun 2022 20:16
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  •   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

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     Today's News

    Law and Order:
    The Kiwi Ferns have run riot over the Mate Ma'a Tonga women, 50 points to 12 19:29

    Rugby:
    The Black Ferns Ma have polished off another flawless day at the Oceania Sevens in Pukekohe 18:59

    Environment:
    Afghanistan earthquake survivors frantically dig through rubble in search of relatives as relief trickles in 18:39

    Accident and Emergency:
    The search for a swimmer missing in the Tasman District's Maruia Falls has ended for the day 18:39

    Accident and Emergency:
    There's been a fatal crash involving a motorcycle in Northland this afternoon 18:39

    International:
    Where abortion is still legal in the US after the fall of Roe v Wade and what the decision means for medication abortion 18:10

    Cricket:
    England batters Jonny Bairstow and Jamie Overton have resurrected their reply to New Zealand heading into the third day of the final cricket test at Headingley 18:09

    Soccer:
    The Wellington Phoenix women's inaugural season in the A-League has helped propel their athletes into the Football Ferns 17:29

    Rugby League:
    Kiwis coach Michael Maguire can't think of a better way to reignite rugby league in New Zealand 16:49

    Cricket:
    The 12th man and woman factor of the Headingley crowd is willing on England like its Trent Bridge predecessor, heading into the third day of the final cricket test against New Zealand 16:29


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