Interest Rates - Where to next?

[Bjauck]

Rates cant go much higher without really hurting NZ businesses & Consumers ...we are a HIGH COST(HIGH DEBT) -LOW WAGE economy .... only matter of time till we will see our credit rating come under pressure when it all starts to unravel (most likely from a Global correction thats due any month now) ...

IMHO RBNZ will do a small raise next meeting ...that will be followed by a reduction then negative rates during 2022 as it all comes apart >>

We are a High debt, low wage, high tax burden on income earners economy which is kept afloat by high net immigration. So now we are in trouble after several years of reduced immigration failed to keep the merrygoaround in motion.