Bad news for mortgage holders -- if our largest bank is to be believed
Bad news for mortgage holders -- if our largest bank is to be believed
21 February 2024
ANZ is predicting the OCR will be hiked two more times this year to six-percent -- and isn't ruling out even more hikes in the current cycle.
That's a starkly different prediction to Westpac -- which is expecting the OCR to remain steady at 5.5 percent this year.
ANZ Economist Andre Castang says inflation pressures have been a bit too persistent.
He says the labour market remains robust, and businesses are telling ANZ, business activity is looking up.
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