So, the Official Cash Rate (OCR) is on hold until at least September 2019, perhaps as late as March 2020.
Right then. Nothing to see here. Run along now. Even Peter Dunne’s election manifesto will be more exciting than the outlook for short term interest rates.
If you’re thinking that, I don’t blame you. But just hold on. What if I said there’s an alternative world where the OCR is hiked by the end of this year, and is heading towards 2.5% in three years’ time.
For that world might exist. We might be closer to it than we think.
We’ve been warned.
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