Podcasts Other The Mike Hosking Breakfast Andrew Kelleher: JMI Wealth Director says markets haven't been caught by surprise by OCR hike

Andrew Kelleher: JMI Wealth Director says markets haven't been caught by surprise by OCR hike

Published: Nov. 24, 2022, 7:38 p.m.

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Investors are keeping calm, after this week\'s stark warnings from the Reserve Bank.

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Governor Adrian Orr has left many mortgage holders reassessing their options, after lifting the OCR to 4.25 percent and warning it could peak at 5.5 percent.

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He\'s also confirmed the bank is deliberately engineering a recession, that\'s likely to hit about the middle of next year.

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JMI Wealth Director Andrew Kelleher told Mike Hosking while short term interest rates are rising, markets certainly haven\'t been caught by surprise.

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He says foreign exchange, interest rates and sharemarkets have all been relatively calm about the central bank\'s hawkish stance.

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