Kelly Eckhold: Westpac Chief Economist weighs in on latest OCR cut
Heather du Plessis-Allan Drive · Newstalk ZB
May 28, 20253m 26s
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Show Notes
The Reserve Bank's Monetary Policy Committee revealed it failed to reach a consensus today - before they voted to cut the OCR 25 basis points to 3.25 percent.
But Westpac Chief Economist Kelly Eckhold says that's surprising.
He explained that the fact someone is prepared to put their hand up and say they wouldn't support the move shows it was more a line-ball call than they were expecting.
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Topics
WestpacOCR cutbusinessmoneyeconomy