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

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

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/e4db5691-a9b1-4471-a81b-b42c005aee49/transcript