Kiwibank believes there’s no need to increase the Official Cash Rate just yet. 

They believe the figure should be held at 2.25% when the Reserve Bank reviews it next week. 

Kiwibank Chief Economist Jarrod Kerr told Mike Hosking that oil prices were a temporary shock and some of the fears around secondary inflationary pressures haven’t eventuated. 

He told Mike Hosking that wages are still very soft and the economy is still recovering, so there’s no need to hike rates just yet.  

LISTEN ABOVE 

Kiwibank believes there’s no need to increase the Official Cash Rate just yet.&nbsp;
They believe the figure should be held at 2.25% when the Reserve Bank reviews it next week.&nbsp;
Kiwibank Chief Economist Jarrod Kerr told Mike Hosking that oil prices were a temporary shock and some of the fears around secondary inflationary pressures haven’t eventuated.&nbsp;
He told Mike Hosking that wages are still very soft and the economy is still recovering, so there’s no need to hike rates just yet. &nbsp;
LISTEN ABOVE&nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

The Mike Hosking Breakfast

Jarrod Kerr: Kiwibank Chief Economist on their economic outlook for the remainder of 2026

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/11372401-530d-490f-ba3f-b479016a4974/transcript