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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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.
