Central Banks begin changes in interes rate.

This Tuesday the Reserve Bank of New Zealand will rule on economic policy. The announcement will be at 11pm Argentina (GMT-3).

Sharon Zollner, an economist and staff member at the Bank of New Zealand in Auckland, said that “It is clear that the New Zealand economy no longer requires extreme monetary stimulus,”.

It is projected, not only among analysts, the changes that will take place on the current monetary policy. The decision is likely to manifest itself in a change in interest rates. It would be the first advanced economy, not just in the Asia-Pacific region, to take this step.

The interest rate is expected to change from 0.25% to 0.5%. Many analysts agree on the projections for a rise in interest rates.

The reason for this are concerns of an overheating of the economy, taking into account that, for example, unemployment levels fell to 4%. Inflation, in the last measurement, indicated a range towards 3.3%. Both indicators reached the expectations and projections of the RBNZ. Economic measures and projections are also expected next quarter.

The next announcement will be in October of this year. The country expects a gradual reopening of borders by 2022. First, it will have the challenge of reaching levels of inoculation against covid since they currently have low quantities supplied.