Property / news ANZ warns 'this is going to hurt' as it revises interest rate forecast higher 26th Oct 22, 3:51pm by Greg Ninness ANZ's latest NZ Property Focus report is not optimistic about the outlook for the housing market. In it the bank's economists have increased their forecasts of how far interest rates will rise and housing prices will fall. "The case to hike the Official Cash Rate (OCR) by more than previously expected is strong, and we now expect two consecutive 75 basis points hikes to take the OCR to 5% come February," the report said.

https://www.interest.co.nz/property/118172/anz-warns-going-hurt-it-revises-interest-rate-forecast-higher

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