A former Reserve Bank economist says there's a case for the Reserve Bank cutting the Official Cash Rate by 75 basis points.  

The Reserve Bank will release its latest decision today.  

It's widely expected to cut the rate by 50-basis points from 4.75% to 4.25%.  

Former reserve bank economist Michael Reddell told Mike Hosking the Reserve Bank's view of an OCR of 2.5-3% as being neutral is the best guess.  

He says we genuinely won't know until after we've got there and seen the inflationary consequences, but he thinks we will be at that figure by next August. 

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The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

A former Reserve Bank economist says there's a case for the Reserve Bank cutting the Official Cash Rate by 75 basis points.  
The Reserve Bank will release its latest decision today.  
It's widely expected to cut the rate by 50-basis points from 4.75% to 4.25%.  
Former reserve bank economist Michael Reddell told Mike Hosking the Reserve Bank's view of an OCR of 2.5-3% as being neutral is the best guess.  
He says we genuinely won't know until after we've got there and seen the inflationary consequences, but he thinks we will be at that figure by next August. 
LISTEN ABOVE 
The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.

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Michael Reddell: Former Reserve Bank Economist ahead of the OCR announcement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/5a925b9f-f659-4f21-9b7e-b23401451031/transcript