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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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

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/059c3cc5-fafe-4d91-b2ca-b314007a09c1/transcript