The difficulty is that forecasts quickly become targets, particularly in the minds of those reading them.
Almost no one believes the Reserve Bank will cut the OCR further – or that there will be no change until 2019.
ANZ focuses on cutting costs.
For now, the Reserve Bank still projects no changes to the OCR until 2019.
"'The biggest loser will be businesses and property development" – Shamubeel Eaqub
Most businesses do not believe the RBNZ will cut rates again.
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