ANZ is standing by its prediction of more interest rate rises this year.

The country's largest bank is forecasting the OCR will be hiked two more times this year, bringing it to 6%, despite other banks expecting the OCR to remain steady.

It's also not ruling out the OCR surpassing 7% or even 8% in the current cycle.

ANZ Economist Andre Castang told Mike Hosking that they're relatively confident in their prediction, even if they're out of step with other banks.

He says even if the OCR isn't raised next Wednesday, a raise is quite likely in April.

LISTEN ABOVE

ANZ is standing by its prediction of more interest rate rises this year. 
The country's largest bank is forecasting the OCR will be hiked two more times this year, bringing it to 6%, despite other banks expecting the OCR to remain steady. 
It's also not ruling out the OCR surpassing 7% or even 8% in the current cycle. 
ANZ Economist Andre Castang told Mike Hosking that they're relatively confident in their prediction, even if they're out of step with other banks. 
He says even if the OCR isn't raised next Wednesday, a raise is quite likely in April. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...