ANZ NZ Chief Economist: Still See RBNZ Hike on Wednesday

The video discusses the impact of a new COVID-19 case on New Zealand's financial markets, focusing on the Kiwi's drop and interest rate expectations. It explores the Reserve Bank's potential rate hikes and the implications of inflation and lockdowns on the economy. The discussion extends to global economic risks, particularly the Delta variant's impact on exports. The video concludes with an analysis of New Zealand's housing market boom and its sustainability amid economic challenges.

What was the immediate market reaction to the new COVID-19 case in New Zealand?

• No change in the Kiwi

• A 5% increase in the Kiwi

• A 1% drop in the Kiwi

• A 2% increase in the Kiwi

What is the Reserve Bank of New Zealand's stance on interest rate hikes?

• They are certain to hike rates

• They have decided against any hikes

• They are considering at least two hikes by year-end

• They plan to cut rates

How might short lockdowns with swift fiscal responses affect the economy?

• They have lasting negative impacts

• They have no impact at all

• They always lead to economic booms

• They may not have lasting impacts

What recent change was observed in New Zealand's dairy market?

• No change in prices

• A slight lift in prices

• A complete halt in auctions

• A significant drop in prices

What is a potential risk to New Zealand's housing market?

• An increase in tourism

• A tightening of macroprudential policy

• A surge in dairy exports

• A decrease in national income