Strong inflation looks set to trigger interest rate rises - a podcast by RNZ
from 2021-07-19T08:39
::
::
Investors are set to face new challenges as strong inflation pressures look set to trigger interest rate rises.
It's seven years since the Reserve Bank last raised its official cash rate, currently sitting at 0.25 percent, but higher rates here and around the world are on the horizon.
The big banks have already lifted deposit and lending rates in anticipation of a RBNZ move, possibly as soon as next month.
Investors are now being advised to review their position.
Business reporter Nona Pelletier has more.
Further episodes of Morning Report
Further podcasts by RNZ
Website of RNZ