Christina Leung: NZIER Principal Economist expects the OCR to hold steady at 5.5%
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
Don't expect any major change to interest rates before Christmas.
The Reserve Bank is tipped to keep the Official Cash Rate unchanged at 5.5% at its next review at 2pm today.
Economists and commentators remain divided on whether there will be further hikes in the current cycle.
NZIER's Christina Leung told Tim Dower that, for now, previous hikes appear to be having the desired effect.
However, she says there is still work to be done yet to ease inflation.
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