Sharon Zollner: ANZ Chief Economist comments on higher-than-expected inflation rates
Heather du Plessis-Allan Drive · Newstalk ZB
Audio is streamed directly from the publisher (pdst.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.
Show Notes
An expectation the official cash rate will be held steady as inflation is higher than expected.
Inflation's clocked in at 3.1 percent which means its snuck outside of the Reserve Bank's target band.
ANZ Chief Economist Sharon Zollner says there's now quite wide agreement that the OCR will be held at 2.25 to prevent further inflation.
She told Ryan Bridge that more extreme measures could be needed.
Zollner says it's more likely than not that the Official Cash Rate will be hiked sometime this year.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.