ANZ is speculating interest rates will drop lower than previously expected - as the economy is predicted to need extra help to recover.

The bank believes the OCR will bottom out at 2.5 percent, down from the 3 percent low that was previously predicted.

ANZ chief economist Sharon Zollner says it's likely the Reserve Bank will give the economy an additional 'push in the back' to help boost a recovery.

"It's too soon to make any concrete judgements on what might happen to our commodity prices or anything like that - but it does seem pretty likely that some pretty full-on uncertainty is going to persist for quite a long time." 

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ANZ is speculating interest rates will drop lower than previously expected - as the economy is predicted to need extra help to recover.
The bank believes the OCR will bottom out at 2.5 percent, down from the 3 percent low that was previously predicted.
ANZ chief economist Sharon Zollner says it's likely the Reserve Bank will give the economy an additional 'push in the back' to help boost a recovery.
"It's too soon to make any concrete judgements on what might happen to our commodity prices or anything like that - but it does seem pretty likely that some pretty full-on uncertainty is going to persist for quite a long time."&nbsp;
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Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Sharon Zollner: ANZ chief economist on the bank predicting interest rates will drop further than expected

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/2b49beeb-07db-44be-b7f2-b2c10078f485/transcript