An expectation the official cash rate will be held steady as inflation is higher than expected. 

Inflation's clocked in at 3.1 percent which means its snuck outside of the Reserve Bank's target band. 

ANZ Chief Economist Sharon Zollner says there's now quite wide agreement that the OCR will be held at 2.25 to prevent further inflation. 

She told Ryan Bridge that more extreme measures could be needed. 
 
Zollner says it's more likely than not that the Official Cash Rate will be hiked sometime this year. 

LISTEN ABOVE

An expectation the official cash rate will be held steady as inflation is higher than expected.&nbsp;
Inflation's clocked in at 3.1 percent which means its snuck outside of the Reserve Bank's target band.&nbsp;
ANZ Chief Economist Sharon Zollner says there's now quite wide agreement that the OCR will be held at 2.25 to prevent further inflation.&nbsp;
She told Ryan Bridge that more extreme measures could be needed.&nbsp; &nbsp; Zollner says it's more likely than not that the Official Cash Rate will be hiked sometime this year.&nbsp;
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

Sharon Zollner: ANZ Chief Economist comments on higher-than-expected inflation rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/981d77d1-743f-4a2e-9531-b3db004fc040/transcript