Sharon Zollner: ANZ Chief Economist on the house price forecast and business confidence

The Mike Hosking Breakfast - A podcast by Newstalk ZB - Thursdays

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.  LISTEN ABOVE See omnystudio.com/listener for privacy information.