Nick Tuffley: ASB Senior Economist on the possibility of future rate hikes

The possibility of future rate hikes remains uncertain.

Despite ANZ shifting its forecast to predict two more rate hikes, there are economists saying that the Reserve Bank has no need.

ASB Chief Economist Nick Tuffley told Mike Hosking that there is a growing chance that the Reserve Bank will get impatient and lift interest rates.

However, he said, they think that they can hold off since things are going in the right direction.

Tuffley said the question is whether they’re headed there fast enough.

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