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Gareth Kiernan: Infometrics Chief Forecaster hopeful the Reserve Bank will cut rates in February
Manage episode 462391600 series 2098282
Confidence another substantial Official Cash Rate cut's on the cards, with today's figures showing inflation is still under control.
Stats NZ says the rate for the year to December remained unchanged at 2.2 percent.
Inflation is well down from the 2022 high of 7.3 percent, but still higher than the 1.5 percent reached in 2021.
Infometrics Chief Forecaster Gareth Kiernan says he's confident the Reserve Bank will slice 50 basis points from the OCR in February.
"Non-tradeable inflation is still coming down - there's risks on the tradeable side, but I don't think there's enough there to sway the Reserve Bank towards going with a smaller 25 point cut."
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8512 episodes
Manage episode 462391600 series 2098282
Confidence another substantial Official Cash Rate cut's on the cards, with today's figures showing inflation is still under control.
Stats NZ says the rate for the year to December remained unchanged at 2.2 percent.
Inflation is well down from the 2022 high of 7.3 percent, but still higher than the 1.5 percent reached in 2021.
Infometrics Chief Forecaster Gareth Kiernan says he's confident the Reserve Bank will slice 50 basis points from the OCR in February.
"Non-tradeable inflation is still coming down - there's risks on the tradeable side, but I don't think there's enough there to sway the Reserve Bank towards going with a smaller 25 point cut."
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
8512 episodes
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