More interest rate changes unlikely

Reserve Bank Governor Alan Bollard is now very unlikely to bump up its official cash rate any more this year, according to Deutsche Bank.

"It now seems most likely that further policy normalization will be suspended until the beginning of next year," said chief economist Darren Gibbs.

US economists have significantly cut their growth forecasts for the second half of the year, the Bank of England has downwardly revised the UK's growth outlook and the global outlook has deteriorated since June he said.

"For now we are factoring that the OCR will end the year at 3%, moving up to 4% by the middle of next year.

Businesswire.co.nz

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

February 20th Morning Report
SCL - Chief Financial Officer Transition
BLS - Strong YTD performance
CEN announces opening of NZ$75 million Retail Offer
AIA - 1H26 Interim Results
February 19th Morning Report
TWL - Share Purchase Plan Results
GMT revaluation, unit buyback and proposed structure update
Devon Funds Morning Note - 17 February 2026
CEN - Contact successfully completes NZ$450m Placement