Banks forecast mortgage interest rates for 2024. But even this outlook is still too hawkish for some economists.
We find out on thursday when stats nz releases gdp data for the march quarter. The country’s biggest bank believes interest rate cuts will arrive sooner than.
Delgado Says High Interest Rates Have Weakened Both Domestic And Global Demand, Suffocating Growth.
In this episode, we discuss our latest interest rate predictions for 2024.
Here Are Some Of The Interest Rates Available From Anz, Bnz And Westpac At The Time Of Writing.
However, in june, we will find out to what extent higher interest rates continue to have on the economy with the release of gdp data for the first quarter of 2024.
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Stats Nz Will Release Gdp Figures For The March.
The reserve bank of new zealand maintained its official cash rate (ocr) at 5.5% during its first policy meeting in 2024, extending the rate pause for the fifth straight gathering and matching market consensus.
Notice Published 3 April 2024.
Business editor at large liam dann explains the official cash rate, and how the reserve bank sets the ocr to influence.