Sharon Zollner: ANZ chief economist predicts OCR to peak at 4 percent

More signs of a slowdown in the housing market. CoreLogic is now forecasting for the cooling of the property market to continue for the rest of the year. And ANZ says a fall to house prices is becoming more likely, as higher than expected inflation forces the Reserve Bank to raise the Official Cash Rate faster than expected. Chief Economist Sharon Zollner told Mike Hosking ANZ is now forecasting the OCR to peak at four percent. “If we were to revise up our interest rates forecast again then we would look again at our house price forecast, but four is getting up there.” LISTEN ABOVESee omnystudio.com/listener for privacy information.