Mary Jo Vergara

Mary Jo Vergara from Kiwibank, an expert on interest rates and housing dynamics, shares her insights on the recent drop in inflation from 7.3% to 3.3%. She delves into its implications for interest rates and the housing market, pointing to potential cuts from the Reserve Bank. The discussion also highlights economic trends such as declining consumer spending and the complexities of monetary policy. Looking ahead, Mary Jo offers an optimistic view for 2025, anticipating recovery in business investment and consumer confidence.

Mary Jo Vergara, an economist from Kiwibank, dives into the Reserve Bank of New Zealand's recent official cash rate cut and the surprising dissent within the committee. She discusses the uncertain economic landscape influenced by global factors like tariffs and inflation, and the implications for New Zealand's recovery. The conversation touches on how interest rate changes affect mortgage rates, living costs, and the housing market. Should we brace for a storm in the economy or see a silver lining? Tune in to find out!