Mortgage rates, braking and accelerating

In this insightful discussion, Jarrod Kerr, Chief Economist at Kiwibank, delves into New Zealand's precarious economic situation. He debates whether the Reserve Bank should accelerate monetary policy shifts amidst recession recovery. Kerr highlights the challenges of rising mortgage rates and local funding needs while addressing the impacts of cash rate cuts on housing and inflation. He also shares optimism about emerging consumer spending trends and the potential for a positive economic turnaround despite global uncertainties.