TMM - News

Another bank joins OCR fray

Thursday 18th of May 2023

Westpac earlier this week forecast it will rise to 6% and stay there for about nine months.

Any rise above 5.5% in the OCR could mean a rise in interest rates, but not necessarily a further fall in house prices. 

ANZ economists Sharon Zollner and David Croy say they expect another 25bps rise next week and another in July, taking the OCR to 5.75%.

“There will b...

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