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


Manage episode 282867314 series 2098285
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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."

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