Kiwibank says it's on with a 2.4% GDP increase for 2026.

But the bank has joined the chorus blaming the Reserve Bank for messing up the communications leading to increased fixed-term rates at the major retail banks.

Independent Economist Cameron Bagrie told Heather du Plessis-Allan that the economy is slowly stabilising, and because of that interest rates don't need to be as low. 

"When you turn the corner, interest rates don't need to be as low."

LISTEN ABOVE

Kiwibank says it's on with a 2.4% GDP increase for 2026.
But the bank has joined the chorus blaming the Reserve Bank for messing up the communications leading to increased fixed-term rates at the major retail banks.
Independent Economist Cameron Bagrie told Heather du Plessis-Allan that the economy is slowly stabilising, and because of that interest rates don't need to be as low.&nbsp;
"When you turn the corner, interest rates don't need to be as low."
LISTEN ABOVE

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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Cameron Bagrie: Independent Economist on Kiwibank blaming the Reserve Bank for rising interest rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/f2089033-0e30-4e4e-bcc2-b3b30147031f/transcript