Podcasts Other The Mike Hosking Breakfast Sharon Zollner: ANZ chief economist predicts OCR to peak at 4 percent

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

Published: July 26, 2022, 8:15 p.m.

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More signs of a slowdown in the housing market.

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CoreLogic is now forecasting for the cooling of the property market to continue for the rest of the year.

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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.

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Chief Economist Sharon Zollner told Mike Hosking ANZ is now forecasting the OCR to peak at four percent.

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\\u201cIf 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.\\u201d

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