The RBNZ shifts into neutral, for now

The Reserve Bank of New Zealand's more dovish outlook for interest rates marks a big departure from recent months, but it won't be able to sit on the fence for long.

The Reserve Bank of New Zealand has reverted to a more neutral stance on monetary policy, which suggests that rates will remain unchanged for some time. But with the Canterbury rebuild still in the works, it appears likely that rates will need to rise further to moderate strength within the non-construction sector.

The cash rate in New Zealand remained at 3.5 per cent in January. Rates have increased by 100 basis points since the RBNZ began its tightening phase in March last year.

{{content.question}}

Mastercard

{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device


Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access

Mastercard

Updating information

Please wait ...

Trial

Mastercard
{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership

Mastercard

The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device


Register as a new member

(using a different email)

Related Articles