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Economics
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Banks reckon 100bps cut to OCR by Christmas

Westpac chief economist Kelly Eckhold acknowledges compelling reasons for meatier October and November rate cuts.

Westpac chief economist Kelly Eckhold.

Westpac’s economists reckon the Reserve Bank will follow through with a Fed-style meaty cut and trim the official cash rate by 100 basis points by Christmas.

Chief economist Kelly Eckhold has suggested the central bank could trim the cash rate by 50bps next week, with a further 50bps cut in

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Jonathan Mitchell Wed, 02 Oct 2024
Contact the Writer: jmitchell@nbr.co.nz
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Banks reckon 100bps cut to OCR by Christmas
Economics,
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