OCR fall - property impact and where to next?

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Befitting it's importance the RBNZ MPR and OCR review leads the podcast once again. With a few more days to digest the decision the conversation turns to the potential impact to the property market and what the next decision might be - is a further 0.75% really on the cards?

Of course it's all down to inflation, which puts this Wednesday's CPI data for Q3 firmly in the spotlight. A drop from previous 3.3% is almost guaranteed but where will the annual rate land in comparison to the RBNZ's forecast of 2.3%?

Meanwhile there's plenty other data releases to digest, from CoreLogic Buyer Classification data for September through to Stats NZ rental price information.   

Check out Kelvin's article on the latest lending stats too. 

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