The Reserve Bank has left the Official Cash Rate where it was as inflation remains higher than target levels. 

The OCR remains on hold at 5.5%.

Michael Reddell, a former Reserve Bank economist, told Mike Hosking that there’s pretty good reason to think inflation will be coming down pretty sharply this year.

He said that the Reserve Bank itself said they expect to be within the 1-3% range this year, they just want to be certain before making any cuts.

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The Reserve Bank has left the Official Cash Rate where it was as inflation remains higher than target levels.  
The OCR remains on hold at 5.5%. 
Michael Reddell, a former Reserve Bank economist, told Mike Hosking that there’s pretty good reason to think inflation will be coming down pretty sharply this year. 
He said that the Reserve Bank itself said they expect to be within the 1-3% range this year, they just want to be certain before making any cuts. 
LISTEN ABOVE

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Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

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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,...