Prime Rate 2024 Predictions Nz

Prime Rate 2024 Predictions Nz. The weakening labour market and declining. Their best guess is that there’s a very small chance of a rate increase in 2024, followed by steady decreases from early 2025 until the ocr hits just over 3.0% in late 2026.

To keep prices stable, the government has set us an inflation target between 1% and 3% over the medium term with a focus on the 2% midpoint. But all the banks have different ideas.