New Zealand Signaled Multiple Hikes in Year Ahead: RBC's Ong

The transcript discusses the Reserve Bank of New Zealand's (RBNZ) potential rate hikes to 2% by the end of 2022, driven by a hot economy and high inflation. It explores the impact on the labor market and real estate, and compares RBNZ's actions with other G10 central banks, noting that RBNZ is leading in tightening cycles. The Reserve Bank of Australia (RBA) is expected to lag behind, with potential rate hikes not anticipated until 2023 or later.

What is the projected cash rate for New Zealand by the end of 2022?

• 3%

• 1%

• 4%

• 2%

What is the revised cash rate projection for New Zealand according to the RBNZ?

• 1.5%

• 2%

• 2.5%

• 3%

Which factor is NOT mentioned as a challenge for the RBNZ?

• Closed borders

• Rising inflation

• High unemployment

• Supply chain disruptions

What is the market's expectation for New Zealand's cash rate in the next couple of years?

• 1%

• 2%

• 3%

• 4%

Which central bank is expected to follow the RBNZ in raising rates?

• Reserve Bank of Australia

• Bank of England

• European Central Bank

• Bank of Japan

How does the RBNZ's approach compare to other G10 central banks?

• RBNZ is lagging behind

• RBNZ is leading the pack

• RBNZ is on par with others

• RBNZ is not changing rates

When is the Reserve Bank of Australia expected to start raising rates?

• 2022

• 2024

• 2023

• 2025