There's division among economists regarding how soon the Reserve Bank should start raising the Official Cash Rate. 

Many now expect the bank to bring forward OCR hikes, with ANZ forecasting three before the election. 

But Kiwibank Chief Economist Jarrod Kerr warns that could be reckless and counterproductive. 

He told Mike Hosking right now we're dealing with more temporary inflation due to higher diesel prices, which should hopefully fall back. 

Kerr says more persistent forms of inflation, like wage and rental inflation, are quite benign at the moment. 

LISTEN ABOVE 

There's division among economists regarding how soon the Reserve Bank should start raising the Official Cash Rate.&nbsp;
Many now expect the bank to bring forward OCR hikes, with ANZ forecasting three before the election.&nbsp;
But Kiwibank Chief Economist Jarrod Kerr warns that could be reckless and counterproductive.&nbsp;
He told Mike Hosking right now we're dealing with more temporary inflation due to higher diesel prices, which should hopefully fall back.&nbsp;
Kerr says more persistent forms of inflation, like wage and rental inflation, are quite benign at the moment.&nbsp;
LISTEN ABOVE&nbsp;

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, 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 warns that early OCR increases could be counterproductive

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/dc3a6a7a-3a4e-4153-956a-b42c014eb2cd/transcript