Reserve Bank figures are showing rising levels of non-performing housing loans. What we all want to know is whether we are now seeing the full extent of the pressure caused by high interest rates - or whether the problems may be just starting
India IFRC network mid-year report, January - June 2023 - India reliefweb.int - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reliefweb.int Daily Mail and Mail on Sunday newspapers.
David Hargreaves says in contrast to the position it was in a year ago, the Reserve Bank will need to make a 'do nothing' Official Cash Rate decision in the coming week in a sufficiently 'hawkish' way that keeps pressure on inflation over summer
Today’s news should leave the RBNZ comfortable with the labour market projections made in the August Monetary Policy Statement, and thus a hike in the OCR at the 29 November meeting remains very unlikely (as reflected in market pricing). Employment growth was weaker than the RBNZ had forecast – at least at face value – and the unemployment rate rose by slightly above the 3.8% figure that the RBNZ had forecast. In addition, growth in the private sector LCI was also 0.1ppts less than the RBNZ had forecast.