Nz Interest Rates Forecast 2024. Anz, bofa and the rbnz did not offer forecasts beyond 2025. No more ocr increases, rate cut by november 2024, possibly february 2025.
New term deposit interest rates for selected terms less than two years. As we move through 2023, we’re starting to look ahead to 2024.
Interest Rates May Be Headed Down In The Mid To Long Term.
In their april 2024 interest rate research paper, bnz has forecasted that the ocr will decrease from 5.5% (the current rate) to 3% by q2 2026.
In Terms Of The Actual Inflation Figures To Date, March Quarter Cpi Rose By 0.6%, Which Was Higher Than The Rbnz's 0.4% Pick.
Mortgage rates to hold steady over 2024, the first cut coming in february 2025.
Bnz’s Research Team Believes The Ocr Will Be On Its Way To 4.75% By Then And Subsequently Drop To 4% Next Summer.
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Annual Cpi Rose 4.0% (Down From 4.7% As Of The December Quarter) Against An Rbnz Forecast Of 3.8%.
Pricing is set for lower rates from may 2024 with a cut to 5.25% fully priced in by august 2024.
After A Tough Few Years, Chief Economist Jarrod Kerr Predicts That The Outlook For The Housing Market This Year Is More Positive.
All up, the average mortgage interest rate facing borrowers should climb slightly above 4.5% by the end of 2022, and approach 5.5% by the start of 2024.
New Zealand Long Term Interest Rate Data Is Updated Monthly, Available From Jan 1985 To Apr 2024.
