The Reserve Bank has made it patently clear higher interest rates are coming.
Governor Adrian Orr says the OCR would likely have been raised yesterday, but the Covid-19 lockdown put a stop to that.
However, he told business editor Gyles Beckford that with the RBNZ now meeting its targets on inflation and employment it can't hold back much longer.
Economists are now picking quarter percent rate rises in October, November, and February, taking the cash rate to 1 percent, where it was before the pandemic.
