News | Business
15 Apr 2024 12:21
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

    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
     15 Apr: Some Dunedin residents are taking action against their proposed rates hike
     15 Apr: There's less than two weeks left in New Zealand's cruise ship season, with the last ship into Wellington arriving today
     14 Apr: How life has changed in Hong Kong under sweeping security laws
     14 Apr: Under pressure Rabbitohs coach Jason Demetriou insists it's "business as usual" going forward - despite another loss in league's NRL
     14 Apr: Tech companies are proving the big winners from A-I's growing influence on the stock market
     14 Apr: A potential for A-I to be a game changer for investors in how they research the stock market
     13 Apr: The Green Party's new members bill, is hoping to pressure companies to make more sustainable products
     Top Stories

    RUGBY RUGBY
    Blues and Black Ferns co-captain Ruahei Demant wants New Zealand Rugby to tip more money into Super Rugby Aupiki More...


    BUSINESS BUSINESS
    Some Dunedin residents are taking action against their proposed rates hike More...



     Today's News

    Golf:
    To Augusta National Golf Club on Sky Sport.. 12:17

    Rugby League:
    NRL Round-Up: Two golden point games, the 'disruptor' rule in the spotlight, and the South Sydney saga rolls on 12:17

    Entertainment:
    Daniel Radcliffe was "terrified" of Alan Rickman for the first three 'Harry Potter' movies and convinced he hated him 12:10

    Cycling:
    Gold for cyclist Ellesse Andrews in the keirin at the latest UCI Track Nations Cup event in Canada 11:57

    Entertainment:
    Meghan, Duchess of Sussex will reportedly be launching her new lifestyle brand American Riviera Orchard within weeks 11:40

    International:
    Live updates: US cautions Israel against further escalation, emergency UN Security Council meeting held 11:27

    Entertainment:
    Gina Carano has accused Disney of trying to "control" what she says and damaging her career after the studio filed a motion to dismiss her lawsuit against the company 11:10

    Law and Order:
    Police are appealing for information after a laser was aimed at a helicopter landing at Christchurch Hospital last night 10:47

    Entertainment:
    Harry Kane's three children are said to have been injured in a multiple vehicle car accident 10:40

    Living & Travel:
    Waikato's first fleet of electric buses are serving Cambridge and Te Awamutu from today 10:27


     News Search






    Power Search


    © 2024 New Zealand City Ltd