Nick Tuffley: ASB Chief Economist ahead of today's OCR figures
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
There are expectations the Reserve Bank will leave the OCR untouched once again.
The Official Cash Rate's been held at 5.5% the last six times in a row.
Many bank economists believe it'll be held again while the Reserve Bank waits for more evidence inflation's falling back towards its target band of one to three percent.
ASB Chief Economist Nick Tuffley told Andrew Dickens they think there are some encouraging signs that inflation will fall and be back within the target band fairly soon.
He said that people just need to hang in a little longer.
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