Fresh debate over the Reserve Bank's recent surprise decision to keep the Official Cash Rate on hold until December. 

The central bank's chief economist Paul Conway has addressed the decision at a conference in Sydney. 

He voted against holding the cash rate and has acknowledged it created volatility, but says OCR decisions are made based on economics, not based on market pricing. 

Independent economic commentator Tony Alexander told Mike Hosking the central bank is once again taking too long to act. 

He says the Reserve Bank has allowed inflation to average 4% over the past six-and-a-half years, when it should be averaging 2%. 

LISTEN ABOVE  

Fresh debate over the Reserve Bank's recent surprise decision to keep the Official Cash Rate on hold until December.&nbsp;
The central bank's chief economist Paul Conway has addressed the decision at a conference in Sydney.&nbsp;
He voted against holding the cash rate and has acknowledged it created volatility, but says OCR decisions are made based on economics, not based on market pricing.&nbsp;
Independent economic commentator Tony Alexander told Mike Hosking the central bank is once again taking too long to act.&nbsp;
He says the Reserve Bank has allowed inflation to average 4% over the past six-and-a-half years, when it should be averaging 2%.&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,...

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Tony Alexander: Independent Economic Commentator on the OCR, Westpac reducing mortgage rates, interest rates

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/7f5b8c73-9776-43d9-8cfc-b4fe0152fed0/transcript