ASB has joined Westpac in predicting the Reserve Bank will keep the Official Cash Rate on hold next month.

The outlook has been revised after they previously predicted a hike when it's next reviewed on July 8th.

However, ASB Senior Economist Mark Smith told Heather du Plessis-Allan that it'll be another close vote to stay at 2.25%.

LISTEN ABOVE

ASB has joined Westpac in predicting the Reserve Bank will keep the Official Cash Rate on hold next month.
The outlook has been revised after they previously predicted a hike when it's next reviewed on July 8th.
However, ASB Senior Economist Mark Smith told Heather du Plessis-Allan that it'll be another close vote to stay at 2.25%.
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

Mark Smith: ASB Senior Economist on next month's OCR forecast

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/cb6b4e37-e05f-4fb7-b3f9-b4750067ee09/transcript