Are interest rates set to rise?

ASB has raised its lending and deposits rates as a strong economy and growing inflation pressures signal an inevitable change in policy by the Reserve Bank. Kiwibank is also increasing its term deposit rate to 1.2% from 0.8% for its 200-day term. And US consumer price inflation surged 4.5% in the last year. Māni Dunlop speaks to economist Shamubeel Eaqub.