Steve Jurkovich: Kiwibank CEO gives economic lay of the land ahead of Budget, OCR announcement

Kiwibank’s CEO is hoping the Reserve Bank will hold off on raising the Official Cash Rate tomorrow.  Economists are expecting it to be held at 2.25%, with markets pricing in moves later in the year.  It comes as the economy remains flat, with inflation, housing, global tensions, and weak spending all testing resilience.  Kiwibank CEO Steve Jurkovich told Mike Hosking the economy is way too weak to cope with an increase to the OCR, as the inflation is coming from things outside of the usual set of worries.   LISTEN ABOVE See omnystudio.com/listener for privacy information.