New Zealand isn't expected to follow Australia, when it comes to interest rates.

Economists expect the Reserve Bank to lift the OCR by another 50 basis points today, bringing it to 3.5 percent.

Yesterday, Australia's central bank surprised experts by opting for a more modest 25 basis point rise.

Infometrics Principal Economist Brad Olsen told Tim Dower our Reserve Bank must not follow that lead.

“Pricing pressure is still far too high and taking our foot off the brake now could well leave inflation sitting far higher far longer.”

LISTEN ABOVE

New Zealand isn't expected to follow Australia, when it comes to interest rates.
Economists expect the Reserve Bank to lift the OCR by another 50 basis points today, bringing it to 3.5 percent.
Yesterday, Australia's central bank surprised experts by opting for a more modest 25 basis point rise.
Infometrics Principal Economist Brad Olsen told Tim Dower our Reserve Bank must not follow that lead.
“Pricing pressure is still far too high and taking our foot off the brake now could well leave inflation sitting far higher far longer.”
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.