Economists don't expect the Official Cash Rate to be cut today, but they do expect it to be cut this year.

The Reserve Bank is reviewing the cash rate at 2pm today.

It's remained unchanged at 5.5% since May last year, up from a record low 0.25% in August 2021.

ASB’s Chief Economist Nick Tuffley told Mike Hosking that they see a cut coming in November.

He said that by that point, there’s been three quarters worth of data surrounding inflation, wages, and unemployment, so a cut is more likely.

LISTEN ABOVE 

Economists don't expect the Official Cash Rate to be cut today, but they do expect it to be cut this year. 
The Reserve Bank is reviewing the cash rate at 2pm today. 
It's remained unchanged at 5.5% since May last year, up from a record low 0.25% in August 2021. 
ASB’s Chief Economist Nick Tuffley told Mike Hosking that they see a cut coming in November. 
He said that by that point, there’s been three quarters worth of data surrounding inflation, wages, and unemployment, so a cut is more likely. 
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,...