Dissension in the RBNZ ranks
May 29, 2025•26 min
Episode description
The Reserve Bank cut the Official Cash Rate this week, as expected, but one of the six members of the bank’s rate setting committee voted to hold the OCR. That surprised markets and pushed up the wholesale interest rates that drive fixed mortgage rates. Bernard Hickey speaks with Kiwibank’s Mary Jo Vergara about a very uncertain outlook for rates in the wake of Donald Trump’s Liberation Day shock.
Learn more about your ad choices. Visit megaphone.fm/adchoices
For the best experience, listen in Metacast app for iOS or Android
Open in Metacast