Nz Interest Rates Forecast 2024
Nz Interest Rates Forecast 2024. Analysis compiled by anz research suggests market participants have priced in a roughly 13% chance of a 25 basis point rate hike on february 28, followed by cuts not long after. As we wait for inflation to go down, aseem says interest rates should remain relatively stable in the immediate future.
Average mortgage costs for kiwis are likely to keep rising and approach 5.5% by the start of 2024, asb economists say. Two more ocr cuts in 2024, and the ocr falling to 3.75% by the.