The Reserve Bank of New Zealand (RBNZ) surprised markets on 14 August 2024 by cutting the official cash rate (OCR) by 25 basis points to 5.25%. This marks the first reduction in over four years and signals a significant shift in monetary policy.
Expert Predictions
Leading economists predict further cuts, with the OCR expected to reach a neutral rate of 2.5% by 2026. These reductions are anticipated to have a positive impact on the housing market, which has been experiencing a downturn in recent months.
Interest Rates and House Prices
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The Reserve Bank of New Zealand (RBNZ) surprised markets on 14 August 2024 by cutting the official cash rate (OCR) by 25 basis points to 5.25%. This marks the first reduction in over four years and signals a significant shift in monetary policy. Expert Predictions Leading economists predict further cuts, with the OCR expected to reach a neutral rate of 2.5% by 2026. These reductions are anticipated to have a positive impact on the housing market, which has been experiencing a downturn in recent months. Interest Rates and House Prices ...
