John Carran: Jarden Economist and Investment Strategist ahead of today's OCR announcement

It’s an important call today for the Reserve Bank as they decide whether to drop the Official Cash Rate. Bank economists are divided, Westpac, ANZ and Kiwibank anticipate the Reserve Bank to hold the OCR at 5.5%. BNZ is expecting it to go down, as is ASB, who predicts it'll fall by 25-basis points to 5.25% , which would be the first drop since 2020. John Carran, Jarden Economist and Investment Strategist, told Ryan Bridge he’s erring on the side of hold. He said that although they may hold today, they will signal that interest rate cuts are coming much sooner than they previously indicated. LISTEN ABOVE See omnystudio.com/listener for privacy information.