Talk Money: October 19, 2015

  • 19/10/2015
(Paul Henry)
(Paul Henry)

It's looking like interest rates could be on hold longer than many people were expecting.

Inflation rose 0.3 percent in the September quarter. Housing-related costs, vegetables and package holidays all went up, but people are paying less to re-licence their vehicles.

ASB economists are picking that the official cash rate will remain on hold when the Reserve Bank reviews the rate next week. They believe a cut of 0.25 percent is now more likely to occur in December.

The dollar has edged up slightly since the release of the inflation figures. The Kiwi is trading at 68 US cents and has now gained 9 percent in value against the US currency since September 23.

Watch the video for the full Talk Money segment.

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