News | Business
4 Aug 2021 4:03
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    Predictions the latest GDP data will prompt earlier lifts in the Official Cash Rate than anticipated

    Predictions the latest GDP data will prompt earlier lifts in the Official Cash Rate than anticipated


    GDP rose one point six per cent in the March quarter.

    America's Federal Reserve has also indicated it will raise interest rates earlier, in line with expectations inflation will rise this year.

    KiwiBank chief economist Jarrod Kerr says they're predicting three rate rises next year - from May.

    He says that's not priced in yet, but he thinks we'll see interest rate markets start to price that in now we're getting positive economic momentum.

    Meanwhile ANZ is predicting the OCR will start rising in February.

    © 2021 Newstalk ZB, NZCity

     Other Business News
     03 Aug: The Reserve Bank of Australia has today kept its country's cash rate at a record low 0.10 percent
     03 Aug: Doubts the Reserve Bank's tightening of lending ratios will constrain ballooning house prices
     03 Aug: Wellington Mayor Andy Foster may soon know what's in store for the David Jones building
     03 Aug: An explanation of the economics behind a developer forking out 4.3 million dollars for a two bedroom brick and tile house in Auckland's Point Chev
     03 Aug: The Finance Minister's adamant new lending rules won't hurt first home buyers
     03 Aug: A new aviation emergency support plan in Otago has achieved lift-off
     03 Aug: The Electric Vehicle market is charging ahead
     Top Stories

    RUGBY RUGBY
    Several All Blacks have been released to play in this weekend's opening round of the Bunnings NPC More...


    BUSINESS BUSINESS
    The Reserve Bank of Australia has today kept its country's cash rate at a record low 0.10 percent More...



     Today's News

    Rugby:
    Several All Blacks have been released to play in this weekend's opening round of the Bunnings NPC 23:16

    Sailing:
    A disappointing day at the velodrome for the New Zealand men's sprint, who have finished seventh at the Tokyo Olympics 23:06

    Basketball:
    Tokyo Olympics live updates: Aussies in pursuit of more cycling medals, Kookaburras play for the gold medal match 22:56

    Entertainment:
    Mabel has reportedly split from her boyfriend Rome Flynn for the second time 21:34

    Sailing:
    There's no rest for the wicked 21:16

    General:
    IOC launches investigation into treatment of Belarus sprinter Krystsina Tsimanouskaya 21:06

    Entertainment:
    Sarah Ferguson believes Princess Diana would spilt her time between the UK and US to support her sons if she was still alive 21:04

    Entertainment:
    Andie MacDowell missed feeling beautiful during the coronavirus pandemic 20:34

    Entertainment:
    Kerry Katona “can’t say” if Ryan Mahoney is ‘The One’ 20:04

    Entertainment:
    Nelly and Shantel Jackson have split after six years together 19:34


     News Search






    Power Search


    © 2021 New Zealand City Ltd