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Kelly Eckhold: Westpac Chief Economist on whether the OCR will be cut tomorrow

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Manage episode 493272243 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

The Reserve Bank is expected to take a breather when it reviews the Official Cash Rate on Wednesday, before pushing on with cuts later in the year.

The central bank’s Monetary Policy Committee is widely expected to keep the Official Cash Rate (OCR) at 3.25 percent.

Westpac Chief Economist Kelly Eckhold says the central bank runs some risks if they cut at this point.

"What they risk is that the CPI, which is due later on this month, comes in uncomfortably high - and some of the data we've seen since May suggests that it is actually going to be a bit stronger than what they forecasted."

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10027 episodes

Artwork
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Manage episode 493272243 series 2098282
Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

The Reserve Bank is expected to take a breather when it reviews the Official Cash Rate on Wednesday, before pushing on with cuts later in the year.

The central bank’s Monetary Policy Committee is widely expected to keep the Official Cash Rate (OCR) at 3.25 percent.

Westpac Chief Economist Kelly Eckhold says the central bank runs some risks if they cut at this point.

"What they risk is that the CPI, which is due later on this month, comes in uncomfortably high - and some of the data we've seen since May suggests that it is actually going to be a bit stronger than what they forecasted."

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

  continue reading

10027 episodes

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