UPDATE: HSBC economist Paul Bloxham sees OCR at 4.5% by end of 2016

Mon, 19 Jan 2015

(Recasts with comment) By Fiona Rotherham Jan. 20 (BusinessDesk) - HBSC chief economist Paul Bloxham is picking the Reserve Bank will lift the official cash rate by 25 basis points to 3.75 percent in the last quarter of the year due to inflationary pressures and by 100 basis points to 4.5 percent by the end of 2016. Bloxham coined the phrase 'rock star economy' for New Zealand’s strong economic growth last year and is forecasting the encore this year is that the nation will remain one of the strongest performing developed economies i...

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