There are expectations the Reserve Bank will leave the OCR untouched once again.

The Official Cash Rate's been held at 5.5% the last six times in a row.

Many bank economists believe it'll be held again while the Reserve Bank waits for more evidence inflation's falling back towards its target band of one to three percent.

ASB Chief Economist Nick Tuffley told Andrew Dickens they think there are some encouraging signs that inflation will fall and be back within the target band fairly soon.

He said that people just need to hang in a little longer.

LISTEN ABOVE

There are expectations the Reserve Bank will leave the OCR untouched once again. 
The Official Cash Rate's been held at 5.5% the last six times in a row. 
Many bank economists believe it'll be held again while the Reserve Bank waits for more evidence inflation's falling back towards its target band of one to three percent. 
ASB Chief Economist Nick Tuffley told Andrew Dickens they think there are some encouraging signs that inflation will fall and be back within the target band fairly soon. 
He said that people just need to hang in a little longer. 
LISTEN ABOVE

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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,...

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Nick Tuffley: ASB Chief Economist ahead of today's OCR figures

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/b57204f3-dbb8-4c83-8f4e-b1a801532e36/transcript