Sharon Zollner: ANZ Chief Economist ahead of today's OCR announcement
Early Edition with Ryan Bridge · Newstalk ZB
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Show Notes
The Reserve Bank's expected to press pause on the Official Cash Rate this afternoon, but that's not it's only option.
The OCR's sitting at 3.2% after six consecutive rates reductions since last August.
Mortgage rates have followed it down over that time, falling to about 5%.
ANZ Chief economist Sharon Zollner told Andrew Dickens a 25-basis-point cut wouldn't be a bad idea, given GDP may have gone backwards.
She says that more than offsets the fact that GDP in the first three months was stronger than expected.
Zollner says it matters quite a bit that momentum's flagging at the moment.
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