Market pricing in an OCR cut by June

“As we can see with current market pricing, the more it moves towards a rate cut, the more the Reserve Bank will feel pressured to follow through with a move.” With special audio feature.

Jason Walls
Thu, 03 Mar 2016

Although the chances of an official cash rate cut (OCR) next week are slim, the market seems to have decided that at least one cut is on the way.

Market pricing for a cut to the OCR between now and June is 100%.

This is despite NZIER forecasting this week that there will be no cuts this year. The

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