ANZ Bank economists expect OCR to go to 2.5%

ANZ had previously forecast the RBNZ would pause the official cash rate at 3%. (Image: Getty)

Wed, 16 Apr 2025

ANZ economists now expect the Reserve Bank of New Zealand will have to cut the official cash rate to 2.5% as the economic recovery progresses at a slower-than-expected pace.They had previously forecast that the Reserve Bank of NZ (RBNZ) would pause at 3%. The rate is currently sitting at 3.5%.Recent data suggested the economic recovery, while certainly well under way, was looking a bit more stop-start than our current forecasts imply, ANZ chief economist Sharon Zollner said.“In addition, persistent uncertainty on the global trade front an...

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