We asked Kelly Eckhold, Chief Economist at Westpac for his key insights into the Official Cash Rate (OCR) and its broader economic implications. We explore how the Reserve Bank of New Zealand (RBNZ) manages inflation while maintaining economic growth, the impact of unemployment rates, and what’s driving the housing market forecast for 2025-2026.
We also discuss international trade wars, the financial health of New Zealand businesses, and the potential consequences of a credit rating downgrade.
If you’re looking to stay ahead of market trends, this video provides valuable knowledge on what’s next for the economy.
The OCR plays a crucial role in shaping New Zealand’s economy, influencing everything from mortgage rates to business growth.
As the RBNZ balances inflation targets with economic stability, homeowners and investors must stay informed about potential shifts in the market. Understanding how factors like unemployment, inflation trends, and global economic events impact the OCR and your mortgage interest rates can help you make smarter financial decisions.
Disclaimer: This article is intended to provide only a summary of the issues associated with the topics covered. It does not purport to be comprehensive nor to provide specific advice. No person should act in reliance on any statement contained within this article without first obtaining specific professional advice. If you require any further information or advice on any matter covered within this article, please contact an adviser from mortgagehq.
