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24 Jul 2021 15:32
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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.

    © 2021 Newstalk ZB, NZCity

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     Top Stories

    RUGBY RUGBY
    The New Zealand men's pair have made a sound start to their Tokyo Olympic campaign, qualifying for the semifinals More...


    BUSINESS BUSINESS
    To take a step back from the Olympics for a second... the Warriors have been able to get on with business despite the news of New Zealand and Australia's withdrawal from this year's Rugby League World Cup More...



     Today's News

    Rugby League:
    A six-game losing run? You wouldn't have thought it seeing the Warriors go about their pre-match preparations this week 15:26

    Entertainment:
    Félicité Tomlinson's father is setting up a charitable foundation in her name 15:24

    Rugby:
    The New Zealand men's pair have made a sound start to their Tokyo Olympic campaign, qualifying for the semifinals 15:06

    Business:
    To take a step back from the Olympics for a second... the Warriors have been able to get on with business despite the news of New Zealand and Australia's withdrawal from this year's Rugby League World Cup 14:56

    Entertainment:
    Idris and Sabrina Elba will host the GQ Men Of The Year awards 2021 14:54

    General:
    The New Zealand rowing eights are doing all they can to counter the unrelenting Tokyo heat 14:26

    Entertainment:
    David Beckham will attend the Soccer Aid for UNICEF match on September 4th 14:24

    Living & Travel:
    Fog restrictions have been lifted at Auckland Airport but many fights have been impacted 14:16

    General:
    Missed the Tokyo Olympics opening ceremony? Here are the key moments and how to watch the highlights 14:16

    Entertainment:
    Alex Reid's fiancée may need surgery for internal bleeding and blood clotting after giving birth 13:54


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