Originally Posted by
Fiordland Moose
NZ has 5.9% inflation - Australia’s is just over 3%. There are some basket component differences to how the two counties measure - OZ would higher if the same basket. None the less, reported inflation here is nearly 2x that in AU, so I dont think the RBNZ cares if australia doesnt raise rates. Our OCR is near record lows, our unemployment rate at all time low, inflation at 30 year highs - seems logical the OCR going up soon and fast.
Interest rates already have. Swap rates and mortage costs all up significantly over the last 6mnths.
More to come too.