Talk Money: August 31

  • 31/08/2016
Talk Money: August 31

The New Zealand Institute of Economic Research (NZIER) is predicting that the official cash rate will be cut to 1.5 percent by the middle of next year.

The OCR is 2 percent right now.

NZIER is also predicting New Zealand's economic growth will be almost 3 percent.

That will be driven by solid exports, migration and construction (housing, commercial and infrastructure).

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