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7 Jul 2025 15:35
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  •   Home > News > Business

    It's good news for the economy - but bad news for interest rates

    It's good news for the economy - but bad news for interest rates


    A sharp fall in the last quarter has seen unemployment drop to four percent.

    Kiwibank chief economist Jarrod Kerr says employers are screaming for staff and wages are on the rise - suggesting we're near full employment and need to open our borders.

    He believes the Reserve Bank will raise the Official Cash Rate 25 basis points later this month, to half a percent.

    NZ and ANZ are both predicting the OCR will go up three times before the end of the year, to one per cent.

    ANZ's also forecasting two more increases in the first half of next year, to 1.5 per cent.

    © 2025 Newstalk ZB, NZCity

     Other Business News
     07 Jul: The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects
     07 Jul: Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out
     07 Jul: The Government's expanding the its FamilyBoost scheme, with changes taking effect retrospectively from the start of this month
     06 Jul: Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland
     05 Jul: The Toyota's RAV4's held it's top spot as the favourite passenger car - in a standout month for vehicle sales
     05 Jul: A surge in new car sales - on the back of a tough couple of years for the market
     05 Jul: An independent report on the Northland Expressway, is sowing doubt over the project's future
     Top Stories

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    The All Blacks are confident Rieko Ioane will find his footing with his return to the wing ahead of the second test against France in Wellington More...


    BUSINESS BUSINESS
    The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects More...



     Today's News

    Politics:
    The Government's making changes to anti-money laundering rules, in a bid to make it easier for parents to open bank accounts for their kids 15:27

    Entertainment:
    Michael Madsen was reportedly struggling with alcohol addiction before his death 15:06

    Health & Safety:
    Wellington Hospital's trialling cutting maternity and gynaecology beds, to ease ED pressure 14:57

    Entertainment:
    Paul Simon has successfully undergone surgery for "chronic and intense back pain" 14:36

    Business:
    The hard questions NZ must ask about the claimed economic benefits of fast-track mining projects 14:07

    Rugby League:
    Optimism from Warriors NRL-W coach Ron Griffiths - despite their opening round defeat to the Roosters in Sydney 14:07

    Entertainment:
    Katy Perry and Orlando Bloom "have been shifting their relationship to focus on coparenting" 14:06

    Business:
    Tweaks to the Family Boost scheme from this month - aiming to help combat high living costs, and cover people missing out 13:47

    Soccer:
    Striker Logan Rogerson has signed a two-year contract extension with A-League football club Auckland FC 13:47

    Entertainment:
    Connie Francis has been hospitalised for "extreme pain" after suffering a pelvic fracture 13:36


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