There could be light at the end of the tunnel for those hoping for a reduction in interest rates.

The Reserve Bank has raised the Official Cash Rate by 50 basis points, to 4.75 percent, as it continues to try to rein in inflation.

Similar moves are also being made by central banks around the world.

Independent economist Tony Alexander told Mike Hosking short-term interest rates should be able to ease next year.

“Fixing one year, you can start to ride down the falls in interest rates over 2024, but of course two-year interests rates is probably equally as valid for the majority of people out there as well."

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There could be light at the end of the tunnel for those hoping for a reduction in interest rates.
The Reserve Bank has raised the Official Cash Rate by 50 basis points, to 4.75 percent, as it continues to try to rein in inflation.
Similar moves are also being made by central banks around the world.
Independent economist Tony Alexander told Mike Hosking short-term interest rates should be able to ease next year.
“Fixing one year, you can start to ride down the falls in interest rates over 2024, but of course two-year interests rates is probably equally as valid for the majority of people out there as well."
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.