Michael Gordon: Westpac economist previews an expected fifth consecutive hike to the OCR
Early Edition with Ryan Bridge · Newstalk ZB
October 4, 20225m 13s
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Show Notes
The Reserve Bank is widely expected to deliver another 50 basis point hike to the Official Cash Rate today, as it moves to try to head off inflation in the economy.
That would be the fifth 50 basis point hike in a row, an unprecedented run, and would take the OCR from 3 per cent to 3.5 per cent.
To discuss further, Westpac acting Chief Economist Michael Gordon joined Roman Travers.
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Business