House prices are set to rise as businesses report less confidence
With two further cuts expected to the OCR, ANZ is now expecting a 4.5% lift as opposed to 6%.
Business confidence has also taken a tumble, with just 49% expecting improvements in the year ahead – down 9 points.
ANZ Chief Economist Sharon Zollner told Mike Hosking the data was taken amid tariffs hitting the markets, impacting business confidence, investment, and employment.
She says there may be a hint of a knee-jerk reaction that may not last, but only time will tell.
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The Mike Hosking Breakfast