Momentum gathering for reduced OCR lift
The NZ Property Market Podcast - A podcast by CoreLogic NZ
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Send us a question/idea/opinion direct via text message!Coming from a data-heavy week, including the all-important labour market statistics, most of the conversation this week leads to the likelihood of the RBNZ plumping for a 50 basis point lift to the OCR in two weeks' time (rather than the previously expected 75 basis point lift).As well as the increase in the unemployment rate, the CoreLogic HPI illustrated there's further to go in the property downturn, while consumer confidence remains ...