The Official Cash Rate is expected to rise this year, although forecasters say predicting when is tricky.

Inflation was stronger in the December quarter than expected, at 3.1 percent.

Infometrics Principal Economist Brad Olsen is picking a hike in November - with an outside possibility of one in May. 

He says other signs in the market signal a possible increase. 

"Actual bank rates for longer-term mortgages have already started to increase a touch this year."

LISTEN ABOVE

The Official Cash Rate is expected to rise this year, although forecasters say predicting when is tricky.
Inflation was stronger in the December quarter than expected, at 3.1 percent.
Infometrics Principal Economist Brad Olsen is picking a hike in November - with an outside possibility of one in May.&nbsp;
He says other signs in the market signal a possible increase.&nbsp;
"Actual bank rates for longer-term mortgages have already started to increase a touch this year."
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.

Best of Business

Brad Olsen: Infometrics Principal Economist on the possibility of the OCR going up later this year

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/d2989627-9575-42ac-a9a0-b3e00055192d/transcript