Strong growth and a booming housing market mean that HSBC now expects the Reserve Bank to hold off on an OCR cut until August.
In a Reserve Bank Observer Update today, HSBC announced they have changed their call on the likely date of another OCR cut.
The bank’s chief economist, Paul Bloxham, said the Reserve Bank will cut the OCR further – but it won’t be in June as they previously expected.
“We remain of the view that the Reserve Bank still has a problem with low inflation and will still be worried about the level of inflation expectations...MORE»
Friday, May 27th, 11:49AM
It’s been described as a no surprises, boring Budget, but what might Budget 2016 mean for interest rates?MORE»
Thursday, May 26th, 12:26AM
New Reserve Bank lending data leaves little doubt that investors are busy in the current market.MORE»
Reasons for the Reserve Bank not to cut the OCR in June are compelling but it’s a guessing game, according to some economists.MORE»
Property investors need to be prepared to pay higher interest rates on their loans in response to changes made by the Reserve Bank.MORE»
Low inflation expectations are feeding OCR projections of a June cut, but it’s still possible other factors may edge that timing out.MORE»
New macro-prudential measures to curb the housing market could be introduced within the next three months, one bank economist has suggested.MORE»
Lender credit fees precedent established after Supreme Court dismisses Motor Trade Finances Ltd (MTF) appeal.MORE»