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 are the implications of inflation potentially running high according to the text?

What concerns are raised about the sustainability of the current housing market?