Kelly Eckhold: Westpac Chief Economist on the OCR figures set to be released today

Early Edition with Ryan Bridge

Nội dung được cung cấp bởi NZME and Newstalk ZB. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được NZME and Newstalk ZB hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

23d ago 2:38

MP3•Trang chủ episode

The Reserve Bank is expected to make a “short and sweet” announcement today.

Economists are expecting the OCR to remain untouched at 5.5%, as it has the last six times.

Westpac Chief Economist Kelly Eckhold told Ryan Bridge that the Reserve Bank said in May that interest rates would have to remain restrictive for a protracted period to get inflation down, so not much has changed for them.

While some banks are predicting a cut this year, Westpac is holding firm on their prediction of early next year.

Eckhold said that they don’t think that will change today, and while they’re all hoping there will be some interest rate relief soon, the reality is that inflation won't go away by itself.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

2956 tập

#New Zealand Current Affairs #NZME #Newstalk ZB #News #New Zealand