Forecast shows OCR could continue to fall

Forecast shows OCR could continue to fall

Photo: RNZ The country's biggest bank is forecasting the Reserve Bank will need to cut the official cash rate (OCR) deeper for longer to support a stumbling economic recovery.

Bank boss tips ‘at least two’ rate cuts this year

As market turmoil threatens to hit economic growth, the Reserve Bank can support the economy through rate cuts, says Bank of Queensland.

ANZ economists cut OCR and house price forecasts

ANZ economists now see the OCR going as low as 2.5% and have trimmed their forecast house price growth this year from 6% to 4.5%