A former Reserve Bank economist says the Official Cash Rate may not be able to be halted for long.

The central bank will give its latest update today, with economists predicting it will stay at 5.5 percent.

At its last review the bank expected it to remain at a restrictive level for some time.

But Michael Reddell told Mike Hosking you could make a credible case for at least signalling the prospect of some more tightening now, or in the next two or three months. 

LISTEN ABOVE

A former Reserve Bank economist says the Official Cash Rate may not be able to be halted for long.
The central bank will give its latest update today, with economists predicting it will stay at 5.5 percent.
At its last review the bank expected it to remain at a restrictive level for some time.
But Michael Reddell told Mike Hosking you could make a credible case for at least signalling the prospect of some more tightening now, or in the next two or three months. 
LISTEN ABOVE

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,...

Advertisement