Mike Jones: BNZ Chief Economist on the expectation the Official Cash Rate will be held at 2.25%

The new Reserve Bank Governor will deliver her first Monetary Policy Statement today.  The central bank's expected to keep the OCR unchanged at 2.25%.  It's likely to show when inflation should start easing, and when the economy should recover from last year's downturn.  BNZ Chief Economist Mike Jones told Mike Hosking today’s announcement will likely see them swap out the mild easing bias the bank had in November and replace it with a mild tightening bias.   He says they believe the Reserve Bank will probably want to signal a hike by around December this year.  LISTEN ABOVE See omnystudio.com/listener for privacy information.