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27 Jul 2021 8:35
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  •   Home > News > Business

    Predictions the latest GDP data will prompt earlier lifts in the Official Cash Rate than anticipated

    Predictions the latest GDP data will prompt earlier lifts in the Official Cash Rate than anticipated


    GDP rose one point six per cent in the March quarter.

    America's Federal Reserve has also indicated it will raise interest rates earlier, in line with expectations inflation will rise this year.

    KiwiBank chief economist Jarrod Kerr says they're predicting three rate rises next year - from May.

    He says that's not priced in yet, but he thinks we'll see interest rate markets start to price that in now we're getting positive economic momentum.

    Meanwhile ANZ is predicting the OCR will start rising in February.

    © 2021 Newstalk ZB, NZCity

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    New figures show transport bureaucrats get ten times better value for money on cycleways, compared to what's expected from Auckland's new cycle bridge More...



     Today's News

    Entertainment:
    Andi Dorfman is "tremendously proud" of her cousin Tommy Dorfman for coming out as transgender 8:16

    Law and Order:
    Seven teenagers - aged 13 and 14 - have been picked up by police in West Auckland after a motorway joyride 8:16

    Hockey:
    The women's Black Sticks are thankful for a rest day two games into their unbeaten Olympic hockey campaign 8:06

    Politics:
    Getting her house in order will be the first priority for Samoa's new prime minister 8:06

    Entertainment:
    Tinie Tempah believes "everyone" has a responsibility to protect the environment 7:46

    Environment:
    Southland farmers are sending truck-loads of feed north, to help out those in Canterbury 7:46

    Business:
    New figures show transport bureaucrats get ten times better value for money on cycleways, compared to what's expected from Auckland's new cycle bridge 7:36

    Health & Safety:
    West Coast DHB staff are moving back into the Buller Health centre after repairs to flood damage 7:26

    Entertainment:
    The Duchess of Sussex's father has threatened to take her to court to see his grandchildren 7:16

    Netball:
    The Stars have finished their ANZ Premiership netball season with a 65-46 victory over the Magic in Auckland 7:16


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