Gareth Kiernan: Infometrics chief economist on the Reserve Bank's plans for future OCR hikes
Heather du Plessis-Allan Drive · Newstalk ZB
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Show Notes
The Reserve Bank left the OCR at 5.5 percent during today's review, in line with predictions.
The Bank also issued a hawkish statement about future hikes, claiming further hikes would be needed if inflationary pressures got to be stronger than anticipated.
Infometrics chief economist Gareth Kiernan says there's a good chance the OCR will need to go up between now and 2025.
"Economic activity is running a percentage point higher than the Reserve Bank had been anticipating when it did its' last statement back in August- that didn't sound like a lot, but we knew the economy was highly stretched."
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