Our opinion poll of readers launched on September 21 found 41% believed the Official Cash Rate (OCR) would remain at its current level of 3% by the end of 2012.
They voted for this statement: "It's not going anywhere. This economy is mired in household debt. People are saving now. Growth is slow. Keep the rate flat. Inflation is no problem."
28% believed the OCR would be raised to around 4.5% by the end of 2012. They voted for this statement: "The Reserve Bank's forecast track for the 90 day bill rate implies it will peak around here. Fair enough. They're the experts"
17% believed the OCR would rise to 6.5% by the end of 2012. They voted for this statement: "Inflation is about to take off from Oct 1. Hyperinflation will eventually hit America and Europe. The RBNZ should prepare for it."
14% believed the OCR would rise to 5.5% by the end of 2012. They voted for this statement: "The markets and the RBNZ are too relaxed about all this money printing happening globally. And our headline inflation rate is about to hit 5%. Hike it."
See our new opinion poll here:
5 Comments
The debt deleverage will dominate the economy for years, maybe even decades, inflation, no....
Sure lets do it again in November, better after the US elections are known....the data by then should be really bad and if GOP gets in it will be more like dropping off a cliff than downhill.
regards
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