Kelly Eckhold

Kelly Eckhold says a lot has changed in the past week and he expects the RBNZ this week to indicate 'a firm intention to get the Official Cash Rate to 3% soon'

Kelly Eckhold says a lot has changed in the past week and he expects the RBNZ this week to indicate 'a firm intention to get the Official Cash Rate to 3% soon'

There's upheaval inside the Reserve Bank, there's upheaval outside of the Reserve Bank, but we'll still get our promised 25 point Official Cash Rate cut

There's upheaval inside the Reserve Bank, there's upheaval outside of the Reserve Bank, but we'll still get our promised 25 point Official Cash Rate cut

Kelly Eckhold says while the RBNZ appeared to promise an OCR cut next week almost unconditionally, decisions should always be based on the situation on the ground. 'No change with an easing bias would be the right thing to do'

Kelly Eckhold says while the RBNZ appeared to promise an OCR cut next week almost unconditionally, decisions should always be based on the situation on the ground. 'No change with an easing bias would be the right thing to do'

Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next

Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate strongly agree the OCR will be cut 50 basis points this week - but there's a diversity of views on what should come next

Kiwibank chief economist Jarrod Kerr is forecasting that the OCR will be cut to 3% next year and says rates were too high for too long

Kiwibank chief economist Jarrod Kerr is forecasting that the OCR will be cut to 3% next year and says rates were too high for too long

Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026

Westpac chief economist Kelly Eckhold sees the possibility the Reserve Bank may start to raise the Official Cash Rate again as soon as 2026

Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut

Members of the 'Shadow Board' the NZIER assembles to state views on the Official Cash Rate agree the OCR will be cut this week, but are mixed over whether it should be a 25-point or 50-point cut

A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year

A weak result in the latest NZIER Quarterly Survey of Business Opinion has prompted economists to change their calls and forecast that the RBNZ will cut the Official Cash Rate by a massive 100 basis points before the end of the year

Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions

Reserve Bank’s early rate cut ends three years of tightening, signalling a major policy shift amid worsening economic conditions

Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%

Westpac economists think the Reserve Bank will cut the Official Cash Rate in both October and November and they think GDP contracted 0.6% in the June quarter and the jobless rate will exceed 5.5%

September rate cuts in the United States could make it easier for the Reserve Bank to lower interest rates as well

September rate cuts in the United States could make it easier for the Reserve Bank to lower interest rates as well

The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis

The RBNZ hasn't reduced interest rates with domestic inflation this high in the past 20 years and is likely to delay until November, according to UBS analysis

The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible

The drop in the annual inflation rate to 3.3% sees economists adopt a near-consensus view that the Reserve Bank will begin interest rate cuts in November. But an earlier start is seen as possible

Westpac says housing market momentum has slowed decidedly since the middle of last year, slashes 2024 house price growth forecast

Westpac says housing market momentum has slowed decidedly since the middle of last year, slashes 2024 house price growth forecast

Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says

Headline inflation should still hit the target band this year as the RBNZ has brought balance back to most parts of the economy, chief economist Paul Conway says