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21 Apr 2024 23:27
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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
     21 Apr: Trade Minister Todd McClay says our trade relationship with China remains strong
     21 Apr: The tourism industry in Rotorua is projected to bring in 400-million dollars in four years
     20 Apr: Demand for pet-friendly rentals are likely to rise with new changes to rental bonds
     20 Apr: Why Japan is the only country where married couples must have the same surname
     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
     Top Stories

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    Matt Payne has finished the best of the Kiwis in fourth in the final Supercars race at the Taupo 400 More...


    BUSINESS BUSINESS
    Trade Minister Todd McClay says our trade relationship with China remains strong More...



     Today's News

    International:
    America is a step closer to banning TikTok, but will it work? 22:37

    Living & Travel:
    A community science project in Wellington has found cats have wiped out a population of North Island robins 21:57

    Motoring:
    F1 Chinese Grand Prix: Max Verstappen wins, Daniel Ricciardo hit by Lance Stroll 21:47

    Rugby:
    Matt Payne has finished the best of the Kiwis in fourth in the final Supercars race at the Taupo 400 21:17

    Netball:
    The Mainland Tactix have weathered a third quarter fightback from the Stars to win their ANZ Premiership netball encounter in Christchurch 59-54 18:57

    International:
    Australia has a food allergy crisis impacting 10 per cent of infants, but critical research is underway 18:57

    Swimming:
    Chinese swimming doping case sparks spat between global and US anti-doping agencies 18:57

    Rugby:
    A hectic three years after the last Olympics has been capped off with a return to sport's biggest stage for New Zealand distance runner Camille French 18:37

    Rugby League:
    In rugby league's NRL, the Bulldogs have thrashed the Knights 36-12 at Stadium Australia 18:07

    Law and Order:
    The children of a Northland police officer killed when she was hit by a car while out walking her dogs in Helena Bay, near Whangarei, say their mother touched so many lives 17:27


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