The Reserve Bank is widely expected to deliver another 50 basis point hike to the Official Cash Rate today, as it moves to try to head off inflation in the economy.

That would be the fifth 50 basis point hike in a row, an unprecedented run, and would take the OCR from 3 per cent to 3.5 per cent.

To discuss further, Westpac acting Chief Economist Michael Gordon joined Roman Travers.

LISTEN ABOVE

The Reserve Bank is widely expected to deliver another 50 basis point hike to the Official Cash Rate today, as it moves to try to head off inflation in the economy.
That would be the fifth 50 basis point hike in a row, an unprecedented run, and would take the OCR from 3 per cent to 3.5 per cent.
To discuss further, Westpac acting Chief Economist Michael Gordon joined Roman Travers.
LISTEN ABOVE

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.

A fresh and intelligent start to your day - catch the very latest international and domestic news developments, sport, entertainment and business on Early Edition with Ryan Bridge, on Newstalk ZB.