RBNZ seen as having to slash OCR next year as housing market tanks 20% - Interest.co.nz

Independent global economic researcher Capital Economics is forecasting a 75-point reduction in the OCR in the second half of 2023 as house prices hit the bottom of the RBNZ's 'sustainable' range

The Reserve Bank will be forced to slash interest rates in the second half of next year in the face of a tanking housing market, independent global researcher Capital Economics believes. Capital, wh… [+4422 chars]

full article...