More OCR cuts on the cards later this year
ANZ is adding two more OCR cuts to its economic forecast after next month’s expected drop to 3.25%.
ANZ is adding two more OCR cuts to its economic forecast after next month’s expected drop to 3.25%.
The retail trading bank has pencilled in cuts in August and October taking the OCR down to a low of 2.5%. It’s previous forecast was a 3% trough.
In the fourth quarter of next year it is has placeholder OCR hikes taking it back up to a neutral level of 3%.
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