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

With a straight down the middle approach, Heather du Plessis-Allan Drive on Newstalk ZB delivers the very latest news and views to New Zealanders as they wrap up their day.

Heather du Plessis-Allan Drive

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/56d94d5d-3dda-4938-bd43-b3150064515f/transcript