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Kelly Eckhold: Westpac chief economist defends the bank hiking fixed rates

EPISODE · Dec 10, 2025 · 2 MIN

Kelly Eckhold: Westpac chief economist defends the bank hiking fixed rates

from Best of Business · host Newstalk ZB

A signal from the Reserve Bank's led Westpac to hike rates - and one economist expects other banks could follow.  Westpac lifted two five-year fixed rates by 30 basis points yesterday. The bank's chief economist, Kelly Eckhold, says it seems the Reserve Bank's unlikely to cut the OCR again any time soon.  "We kind of expected that they would cut the rate by 25 basis points, but we didn't expect them to call time on the easing cycle. It sort of scared the markets a little bit."  LISTEN ABOVESee omnystudio.com/listener for privacy information.

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Kelly Eckhold: Westpac chief economist defends the bank hiking fixed rates

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