ANZ predicts OCR cuts in wake of weak September quarter GDP growth
UPDATED: ANZ forecasts OCR cut in November 2019 after lower than expected 0.3% GDP figure.
The economy slowed to 0.3% GDP growth in the September quarter, confirming expectations that the second quarter pace of 1.0% could not be sustained.
It has led to ANZ Bank "hopping off the fence" and changing its call for the next OCR reading from the Reserve Bank.
"We are now forecasting a
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Nevil Gibson
Thu, 20 Dec 2018
Thu, 20 Dec 2018
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ANZ predicts OCR cuts in wake of weak September quarter GDP growth
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