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Economists, market predict a 50 basis point cut to the OCR

Author
Newstalk ZB,
Publish Date
Wed, 9 Oct 2024, 10:01am
Photo / Getty Images
Photo / Getty Images

Economists, market predict a 50 basis point cut to the OCR

Author
Newstalk ZB,
Publish Date
Wed, 9 Oct 2024, 10:01am

More interest rate cuts are on the horizon. 

The Reserve Bank expected to cut the Official Cash Rate again this afternoon. 

ANZ Chief Economist Sharon Zollner is tipping a 50 basis point cut to 4.75%,.  

She says it's what the market and most economists are predicting, and it’s become the default. 

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