House price rally could reduce odds of OCR cut: Westpac
A pickup in the housing market could give the Reserve Bank "pause for thought" over further official cash rate cuts, according to Westpac economists.
The latest Real Estate Institute of New Zealand data, which showed a 6.6% increase year on year in September, could prompt the RBNZ to rethink further aggressive OCR cuts, Westpac chief economist Dominick Stephens told TMM Online.
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