Technical Analysis

RBNZ highlights challenges ahead for households, firms re higher interest rates

Reserve Bank of New Zealand:

  • Some households and firms will be challenged by the rising
    interest rate environment
  • Increasing household debt loads will slow down growth of consumption.
  • There are increased
    downside risks to the global economic outlook
  • RBNZ expects new residential construction will slow
  • The extent to which economic activity will slow in response to rising rates is uncertain

more to come

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button