21 Feb 2024

Banks battle to predict interest rates

From Morning Report, 7:46 am on 21 February 2024

It's the battle of the bank economists, will interest rates be hiked this year or not?

Westpac's economic outlook, out this morning, predicts the cash rate won't move this year.

But ANZ last week predicted there will be two OCR increases.

ANZ chief economist Sharon Zollner spoke to Ingrid Hipkiss.