Brad Olsen: Infometrics Chief Economist on the likelihood of the OCR changing and interest rate cuts

The OCR is expected to remain steady.  It’s expected to remain unchanged at 5.5% when the bank releases its quarterly Monetary Policy Statement this afternoon.  It's signalled a rate cut may not come for another year.   Infometrics' Brad Olsen says the central bank is having to focus on inflation, over other negative economic indicators like rising unemployment.  He told Mike Hosking that he’d be very surprised if they decided to move it.  LISTEN ABOVE See omnystudio.com/listener for privacy information.