Kelly Eckhold: Westpac Chief Economist predicts another 25 percent basis point hike to OCR

from Best of Business · host Newstalk ZB

Westpac economists predict that the Reserve Bank isn't done hiking up the OCR. The RBNZ has indicated through forecasts in the May Monetary Policy Statement that they don't see the OCR going up further than 5.5 percent. Westpac Chief Economist Kelly Eckhold says it's going to be difficult getting inflation to go down to the target range of 3 percent within their 18-month timeframe. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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This episode was published on July 17, 2023.

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