Chances of an interest rate cut in June plummet

A more hawkish tone from the Reserve Bank of Australia and the Federal Reserve in the United States have taken the pressure off NZ's central bank to cut rates. With special feature audio.

Jenny Ruth
Mon, 23 May 2016

Betting in financial markets on an official cash rate (OCR) cut in June has slumped dramatically.

The markets are now pricing in just a 30% chance of a rate cut, down from 52% a week ago and 82% two weeks ago.

That’s more likely to reflect more hawkish than expected statements from the Reserve

Want to read more? It's easy.

Choose your subscription

Already have an account? Login

Smartphone Only Subscription

NZ$29.95 / monthly

Monthly Premium Online Subscription

NZ$49.95 / monthly

Smartphone Only Annual Subscription

NZ$299.00 / yearly

Yearly Premium Online Subscription

NZ$499.00 / yearly

Premium Group Membership 10 Users

NZ$385+GST / monthly

$38.5 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$660+GST / monthly

$33 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1375+GST / monthly

$27.5 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$2100+GST / monthly

$21 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$999.00 / yearly

Individual

Group membership

NBR Marketplace

Student

Exclusive FREE offer for uni students studying at a New Zealand university (valued at $499).

View terms and conditions.