Kiwi Bank's Vergara on RBNZ Decision

The video discusses the current economic situation in New Zealand, focusing on inflation trends and the Reserve Bank of New Zealand's (RBNZ) monetary policy. It predicts that the RBNZ will maintain its current rate until early next year, when rate cuts are expected. The economic outlook is influenced by factors such as a potential recession, rising unemployment, and the impact of China's economic slowdown. The New Zealand dollar is under pressure due to weak global demand and falling commodity prices. Despite rising rates, mortgage stress is not yet evident due to a strong labor market.

What are the expectations for the New Zealand dollar in the coming year?

What are the implications of the current economic conditions for mortgage stress in New Zealand?

How has the labor market in New Zealand responded to rising interest rates?