Podcasts Other The Mike Hosking Breakfast Andrew Kelleher: JMI Wealth Director ahead of the review of the official cash rate

Andrew Kelleher: JMI Wealth Director ahead of the review of the official cash rate

Published: Oct. 3, 2023, 6:50 p.m.

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New Zealand homeowners will find out whether mortgage rates are set to increase again today.

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The Reserve Bank will update the Official Cash Rate, which has been on hold at 5.5% since May.

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Inflation currently sits at 6%, with economists picking interest rates may have peaked.\\xa0

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JMI Wealth\'s Andrew Kelleher told Mike Hosking that further hikes are possible after the election, but opinion is still divided on whether it\'s necessary.\\xa0

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