An expectation of more OCR hikes - with bond yields rising internationally.
10-year New Zealand government bonds are now paying above five percent - the highest level since 2023.
US 30-year Treasury bonds are at their highest point since 2007.
The OCR rose to 2.75 percent two weeks ago.
Westpac Chief Economist Kelly Eckhold told Heather du Plessis-Allan central banks have a lot of work to do next year, so he expects the OCR could be four percent at the end of next year.
Podden och tillhörande omslagsbild på den här sidan tillhör
Newstalk ZB. Innehållet i podden är skapat av Newstalk ZB och inte av,
eller tillsammans med, Poddtoppen.
