Michael Reddell: Former Reserve Bank Economist on yesterday's OCR announcement

The Mike Hosking Breakfast

Content provided by NZME and Newstalk ZB. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by NZME and Newstalk ZB or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

4M ago 4:07

MP3•Episode home

In a predictable move, the OCR remained unchanged.

Yesterday the Reserve Bank announced it would continue to be held at 5.5% and are hinting headline inflation could return to its 3% target in a matter of months.

Former Reserve Bank Economist Michael Reddell told Andrew Dickens that the statement was a shift in the right direction.

He said that it was very different in tone from the one they made six weeks ago, in which they had mentioned possible rate hikes later this year and not beginning to cut until August of next year.

It’s all over the place, he said, but shifting in the right direction.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

6028 episodes

#New Zealand Current Affairs #New Zealand #NZME #Newstalk ZB #News