Latest / The Kākā by Bernard Hickey
RBNZ pivots, pushing wholesale rates back down
Briefly in the news from Aotearoa’s political economy on Tuesday, December 16:
* New Reserve Bank Governor Anna Breman pivoted away yesterday from a tacit approval of higher wholesale interest rates to outright opposition, but not in time to stop the largest bank, ANZ, from increasing its fixed mortgage rates by 20-30 basis points. (Interest)
* Breman said in a statement issued at 3pm she would do media interviews yesterday and today that commented on market interest rates, saying: “Financial market conditions have tightened since the November decision, beyond what is implied by our central…
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