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6 Jul 2025 11:04
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  •   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.

    © 2025 Newstalk ZB, NZCity

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    New All Blacks lock Fabian Holland is relishing being a winner on test debut More...


    BUSINESS BUSINESS
    Our newsroom's revealed more than 200 people were able to enter New Zealand on work visas for defunct businesses later exposed as fronts for a network of cannabis grow houses in Auckland More...



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