Nick Tuffley: ASB Chief Economist thinks a OCR cut wont come until November
The Mike Hosking Breakfast - A podcast by Newstalk ZB - Mondays
Economists don't expect the Official Cash Rate to be cut today, but they do expect it to be cut this year. The Reserve Bank is reviewing the cash rate at 2pm today. It's remained unchanged at 5.5% since May last year, up from a record low 0.25% in August 2021. ASB’s Chief Economist Nick Tuffley told Mike Hosking that they see a cut coming in November. He said that by that point, there’s been three quarters worth of data surrounding inflation, wages, and unemployment, so a cut is more likely. LISTEN ABOVE See omnystudio.com/listener for privacy information.
