Kelly Eckhold: Westpac Economist ahead of the Official Cash Rate review
Early Edition with Ryan Bridge · Newstalk ZB
October 3, 20233m 5s
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Show Notes
The Reserve Bank is tipped to keep the Official Cash Rate unchanged at 5.5% when it comes up for review this afternoon.
Westpac's Kelly Eckhold told Kate Hawkesby that a change is unlikely so close to an election.
However, she said, the markets are looking at a 50-60% rate increase in November, earlier than the Reserve Bank had previously indicated.
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Topics
official cash rateocrkelly eckholdwestpacthe reserve bankinterest rates