Mortgage News

ASB now calling for two OCR rate cuts

Thursday 7th of May 2015

Chief economist Nick Tuffley says it is time for OCR cuts due to changes in future inflation risks.

"We have now moved to forecast the RBNZ will cut the OCR later this year, having since mid-January ruled out OCR increases for the “foreseeable future”.  We believe the risks of inflation taking too long to make a sustained return to the 2% mid-point of the inflation target have now g...

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