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;
LISTEN ABOVE

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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/183f0b20-a7ba-4a50-996b-b2c10078f38b/transcript