Fears inflation could come back into the picture as the OCR falls

Infometrics expects the OCR to fall to 2.25 percent next month - it's 2.5 at the moment.

Infometrics Chief Forecaster Gareth Kiernan says they expect to see growth hit 2.3 annual growth in 2027.

He says alongside stoking inflation, it could create other problems.

Kiernan says it risks stretching capacity in the construction and infrastructure sector.