Budget Economic and Fiscal Update 2016 - B.3 - The Treasury
Figure 1.12 – 90-day interest rates Sources: Reserve Bank, the Treasury After remaining at low levels in 2016 and 2017, short-term interest rates are assumed to gradually rise to 4.2% by June 2020 (Figure 1.12), still below their assumed long-run level of 4.5%, as monetary policy is tightened in New Zealand in response to higher inflation. ................
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