Brad Olsen: Infometrics Chief Economist on the likelihood of the OCR changing and interest rate cuts
Early Edition with Ryan Bridge · Newstalk ZB
May 21, 20243m 53s
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
The OCR is expected to remain steady.
It’s expected to remain unchanged at 5.5% when the bank releases its quarterly Monetary Policy Statement this afternoon.
It's signalled a rate cut may not come for another year.
Infometrics' Brad Olsen says the central bank is having to focus on inflation, over other negative economic indicators like rising unemployment.
He told Mike Hosking that he’d be very surprised if they decided to move it.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Topics
ocrofficial cash rateinterest ratebrad olseninfometricsreserve bankinflation