Michael Reddell: Former Reserve Bank economist on the possibility of interest rates increasing

3:25
 
Share
 

Manage episode 282867314 series 2098285
By NZME and Newstalk ZB. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.
There is scepticism from a local economist at a suggestion New Zealand will be the first country in the pandemic era to put interests rates back up.
The forecast comes from London-based research consultancy Capital Economics.
Former Reserve Bank economist Michael Reddell believes this is a little too optimistic.
He told Mike Hosking if there's a change in rates in the coming year, it'll probably be a fall, rather than a rise.
"If anything, interest rates will only fall in the coming year.
"Beyond that interest rates will rise - but it's impossible to say what's going to happen to the world economy before then."
LISTEN ABOVE

6195 episodes