Economists' Official Cash Rate expectations have proven correct.

It's staying at 5.5% for the eight consecutive time.

But the Reserve Bank's tone has softened, and they’re hinting that inflation will return to its 1-3% target by the year's end.

ANZ Chief Economist Sharon Zollner told Ryan Bridge that the Reserve Bank was pretty careful to leave all their options open regarding a rate cut.

She said that they see it as tilting the risks a little bit towards earlier cuts, but essentially, it’s going to be the data that decides when the inflation data is released next week.

LISTEN ABOVE

Economists' Official Cash Rate expectations have proven correct. 
It's staying at 5.5% for the eight consecutive time. 
But the Reserve Bank's tone has softened, and they’re hinting that inflation will return to its 1-3% target by the year's end. 
ANZ Chief Economist Sharon Zollner told Ryan Bridge that the Reserve Bank was pretty careful to leave all their options open regarding a rate cut. 
She said that they see it as tilting the risks a little bit towards earlier cuts, but essentially, it’s going to be the data that decides when the inflation data is released next week. 
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.

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