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20 Apr 2024 7:26
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  •   Home > News > Business

    ANZ has admitted it got it's Official Cash Rate prediction wrong

    ANZ has admitted it got it's Official Cash Rate prediction wrong

    The country's largest bank was an outlier in predicting the Reserve Bank would lift it.

    It has held the OCR at 5.5 percent.

    ANZ chief economist Sharon Zollner says there's risk it could be a temporary reprieve we end up paying for later.

    She says if it turns out that more tightening was needed, that rates could end up going higher, for longer.

    © 2024 Newstalk ZB, NZCity

     Other Business News
     19 Apr: The Auckland Ratepayers Alliance says the latest Government measure to ease rates, only solves a small part of the problem
     19 Apr: Larger than life
     19 Apr: Households will need to keep spending tight for another year yet
     19 Apr: Experts are forecasting more financial pressure for households, continuing into late next year
     18 Apr: The Reserve Bank may have to make some unpopular decisions
     17 Apr: Taylor Swift may get a tiny bit of the blame, for inflation and interest rates staying higher longer
     17 Apr: Inflation is slowing, but many New Zealanders are still getting poorer
     Top Stories

    Highlanders halfback James Arscott is sticking to the basics ahead of a rare start in tonight's Super Rugby clash against the Reds in Brisbane More...

    The Auckland Ratepayers Alliance says the latest Government measure to ease rates, only solves a small part of the problem More...

     Today's News

    McLaren's Lando Norris has dominated a wet qualifying session for Formula One's China Grand Prix sprint race, taking pole while world champion Max Verstappen struggled into fourth place 7:17

    Warwick Davis' wife Samantha has died aged 53 7:10

    OJ Simpson is said to have had his wife Nicole Brown killed by notorious Mafia gangsters in a jealous rage 6:40

    Prince Harry has officially dec lared the US is his new home 6:10

    Law and Order:
    The deaths of the elderly couple, found in a West Auckland paddock this week, are being referred to the Coroner 4:37

    Iran's air defence system activated amid reports of explosions heard near city of Isfahan 4:37

    Law and Order:
    Police are acknowledging the sentencing of the pair responsible for murdering Christchurch mother, Angela Blackmoore -- saying it's a long and painful 28 years for her family 4:37

    The Law Society says it's becoming more common for people to criticise judges -- and it's a problem 21:57

    Taylor Swift said she didn't "really like" hiding her relationship with ex-boyfriend Joe Alwyn 21:40

    A serious crash in the Southland town of Mossburn has blocked parts of State Highway 97 21:17

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