The Reserve Bank could still surprise us with this afternoon's Official Cash Rate decision. 

Interest rates have been falling, with markets pricing in a 50 basis point cut. 

But former Reserve Bank economist Michael Reddell says the central bank may opt for another option, like a 25 basis point cut. 

He told Mike Hosking when he was on the Monetary Policy Committee that makes the OCR decision, they always received advice on what the market and economists were expecting. 

But he says they're never swayed by those decisions, and make their own decisions based on their own forecasts. 

LISTEN ABOVE 

The Reserve Bank could still surprise us with this afternoon's Official Cash Rate decision.&nbsp;
Interest rates have been falling, with markets pricing in a 50 basis point cut.&nbsp;
But former Reserve Bank economist Michael Reddell says the central bank may opt for another option, like a 25 basis point cut.&nbsp;
He told Mike Hosking when he was on the Monetary Policy Committee that makes the OCR decision, they always received advice on what the market and economists were expecting.&nbsp;
But he says they're never swayed by those decisions, and make their own decisions based on their own forecasts.&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 today's OCR announcement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/aef1ad66-c35b-44ff-bc85-b20301434a39/transcript

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