What Will Interest Rates Be In 2024 Nz

What Will Interest Rates Be In 2024 Nz. A net 50.6% of respondents expect the. Bnz’s research team believes the ocr will be on its way to 4.75% by then and subsequently drop to 4% next summer.

Westpac expects the official cash rate to remain on hold at 5.5% when the reserve bank of new zealand meets in february and throughout 2024, with a “gradual easing” forecast to start in 2025. Financial conditions eased slightly in the june quarter of 2024 compared to the march quarter of 2024, but remain in restrictive territory given the cash rate remains elevated.