TMM - News

Coronavirus will lead to OCR cut this month: ANZ

Monday 2nd of March 2020

ANZ's team of economists, led by Sharon Zollner, say the "rapidly" escalating outbreak, which hit NZ last week, has led to "clear risks of a larger slowdown or even a recession".

The bank now expects a 50 basis point cut in March, and a further 25 basis points in May, taking the OCR to just 0.25%.

A move would likely see mortgage rates continue to plummet...

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