Another bank is predicting an upcoming OCR raise. 

ANZ has already picked three consecutive Official Cash Rate hikes in July, September, and October.

Now Westpac says it's becoming more of a possibility next month - but is more likely in September. 

Chief economist Kelly Eckhold says the Reserve Bank will work from specific indicators. 

"They're looking for indications that the peak in inflation will be even higher than they currently expect."

LISTEN ABOVE

Another bank is predicting an upcoming OCR raise.&nbsp;
ANZ has already picked three consecutive Official Cash Rate hikes in July, September, and October.
Now Westpac says it's becoming more of a possibility next month - but is more likely in September.&nbsp;
Chief economist Kelly Eckhold says the Reserve Bank will work from specific indicators.&nbsp;
"They're looking for indications that the peak in inflation will be even higher than they currently expect."
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

Kelly Eckhold: Westpac chief economist on the bank forecasting an OCR increase for September

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b03982c3-de3c-46f5-8f0d-b42c005af9bb/transcript