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 

A former Reserve Bank economist says there's a case for the Reserve Bank cutting the Official Cash Rate by 75 basis points. &nbsp;
The Reserve Bank will release its latest decision today. &nbsp;
It's widely expected to cut the rate by 50-basis points from 4.75% to 4.25%. &nbsp;
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. &nbsp;
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.&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

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

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/299ab863-322f-41f9-abd7-b23401394e1a/transcript