Another cut to the Official Cash Rate still looks more likely than not, according to one expert.

The Reserve Bank's kept the OCR unchanged at 3.25 percent today, following six consecutive cuts.

It's waiting for more economic data, before further moves.

But Infometrics principal economist, Brad Olsen, says the bank's explicitly signalling the chance of more cuts.

"If things continue to evolve as they broadly expect, that will give them more scope to continue to cut the Official Cash Rate - maybe one or two cuts by the end of this year."

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Another cut to the Official Cash Rate still looks more likely than not, according to one expert.
The Reserve Bank's kept the OCR unchanged at 3.25 percent today, following six consecutive cuts.
It's waiting for more economic data, before further moves.
But Infometrics principal economist, Brad Olsen, says the bank's explicitly signalling the chance of more cuts.
"If things continue to evolve as they broadly expect, that will give them more scope to continue to cut the Official Cash Rate - maybe one or two cuts by the end of 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.

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Brad Olsen: Infometrics principal economist on the Reserve Bank keeping the OCR unchanged

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/360ed05f-e12a-4ac3-88b4-b31500645060/transcript