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

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.