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Results: Global Economy

Zoomed out shot of a city, lightning strike
17 June 2022

A global interest rate shock is underway

As a result of annual inflation rates surprising on the high side overseas, recent renewed increases in energy prices, and rising ...

Person holding out empty pockets
03 June 2022

A new 'least regrets' policy from the Reserve Bank of NZ

On May 25, the Reserve Bank of New Zealand told us that they have decided to implement a new “least regrets” policy which is compl...

Hands, ruler, person measuring and drawing with pencil
23 May 2022

Shorter fixed term mortgage rates preferred

I sometimes struggle to remain polite when journalists ask me if the rising rates environment means now is a good time to fix for ...

15 February 2022

Monetary policy tightening all around the world

It seems like we cannot get through a week at the moment without some fresh news suggesting inflation around the world will be more problematic than thought, and that interest rates will need to rise earlier and potentially higher than previously believed.

Hand holding globe
03 December 2021

Monetary policy tightening already in place

Over nearly 3 years the OCR increased from 5.0% to 7.25%. But the 3-year fixed mortgage rate barely increased. Contrast that with the current situation of this rate rising 1.8% the past six months while the Reserve Bank’s cash rate has gone up only 0.5%.

Hands squeezing grapefruit
08 October 2021

Interest rates on an upward march

The long-awaited monetary policy tightening cycle has now kicked off in New Zealand as the need for record low interest rates to combat feared effects of Covid-19 has disappeared, and the need to fight rising inflation has soared.

Stairs with white picket fences
02 August 2021

Monetary policy tightening soon

Things have changed a bit since my last column discussing interest rates a couple of weeks ago. The state of the pandemic has stalled the growth projections for many economies and how quickly interest rates will go up. But what's in store for New Zealand?

Person tightening bolt with spanner