Nz Interest Rates Forecast 2024. Rbnz to reduce the ocr to 5.25% at its november. The rbnz is forecast to cut the key rate to 3.25% in december 2023 and continue to gradually lower it to 2.25% in december 2024, according to nab’s forecast.
This includes how fast interest rates could come down, and the data behind the predictions. The ocr is expected to come down sometime between late 2024 and mid 2025, depending on how inflation tracks over the next 12 months.
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