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Economics
4 mins to read

No further rate hikes needed, easing from 2025: NZIER

The RBNZ is widely expected to hold the OCR at 5.5% tomorrow, as inflation falls and unemployment ticks higher.

Illustration: Michael Hickmott.

Key points
  • What’s at stake: Whether the RBNZ needs to hike the official cash rate again.
  • Background: The NZ Institute of Economic Research’s latest quarterly prediction suggests no further OCR hikes, while rate cuts could commence from 2025.
  • Key players: NZIER, Christina Leung, RBNZ, Adrian Orr, ANZ, Sharon Zollner, BNZ, Mike Jones.

Higher interest rates are having the desired effect on inflation – at long last – requiring no further official cash rate hikes, according to the NZ Institute of Economic Research.

Its latest Quarterly Predictions, released this afternoon, forecasts inflation to fall back in the 1-3% target band

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Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • What’s at stake: Whether the RBNZ needs to hike the official cash rate again.
  • Background: The NZ Institute of Economic Research’s latest quarterly prediction suggests no further OCR hikes, while rate cuts could commence from 2025.
  • Key players: NZIER, Christina Leung, RBNZ, Adrian Orr, ANZ, Sharon Zollner, BNZ, Mike Jones.
No further rate hikes needed, easing from 2025: NZIER
Economics,
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