Kiwibank’s CEO is hoping the Reserve Bank will hold off on raising the Official Cash Rate tomorrow. 

Economists are expecting it to be held at 2.25%, with markets pricing in moves later in the year. 

It comes as the economy remains flat, with inflation, housing, global tensions, and weak spending all testing resilience. 

Kiwibank CEO Steve Jurkovich told Mike Hosking the economy is way too weak to cope with an increase to the OCR, as the inflation is coming from things outside of the usual set of worries.  

LISTEN ABOVE 

Kiwibank’s CEO is hoping the Reserve Bank will hold off on raising the Official Cash Rate tomorrow.&nbsp;
Economists are expecting it to be held at 2.25%, with markets pricing in moves later in the year.&nbsp;
It comes as the economy remains flat, with inflation, housing, global tensions, and weak spending all testing resilience.&nbsp;
Kiwibank CEO Steve Jurkovich told Mike Hosking the economy is way too weak to cope with an increase to the OCR, as the inflation is coming from things outside of the usual set of worries. &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

Steve Jurkovich: Kiwibank CEO gives economic lay of the land ahead of Budget, OCR announcement

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/a86adf20-13c5-43fd-8c04-b4550171f4d0/transcript