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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Economics
3 mins to read

RBNZ still wary of upside inflation risks this year

The central bank could start cutting the OCR from November if they sniff inflation victory, according to economists.

ASB economist Nathaniel Keall speaks with Jonathan Mitchell.

Key points
  • What’s at stake: Whether the RBNZ has enough evidence to cut the OCR this year.
  • Background: The RBNZ left the OCR on hold at 5.5%, as expected, yesterday.
  • Key players: RBNZ, Adrian Orr, Monetary Policy Committee, ASB, Nat Keall, Westpac, Kelly Eckhold, ANZ, Sharon Zollner, Moody's Analytics, Shannon Nicoll, Forsyth Barr, Zoe Wallis.

The Reserve Bank is wary of upside inflation risks that could delay attempts to cut the official cash rate, as many economists expect, later this year.

The central bank left the OCR on hold at 5.50%, as widely expected, yesterday. It said it was confident of inflation falling back into the desired

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Jonathan Mitchell Thu, 11 Apr 2024
Contact the Writer: jmitchell@nbr.co.nz
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Key points
  • What’s at stake: Whether the RBNZ has enough evidence to cut the OCR this year.
  • Background: The RBNZ left the OCR on hold at 5.5%, as expected, yesterday.
  • Key players: RBNZ, Adrian Orr, Monetary Policy Committee, ASB, Nat Keall, Westpac, Kelly Eckhold, ANZ, Sharon Zollner, Moody's Analytics, Shannon Nicoll, Forsyth Barr, Zoe Wallis.
RBNZ still wary of upside inflation risks this year
Economics,
103563
true