Podcasts Other The Mike Hosking Breakfast Michael Reddell: Former RBNZ economist says the Official Cash Rate may not be able to be halted for long

Michael Reddell: Former RBNZ economist says the Official Cash Rate may not be able to be halted for long

Published: Aug. 15, 2023, 7:56 p.m.

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A former Reserve Bank economist says the Official Cash Rate may not be able to be halted for long.

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The central bank will give its latest update today, with economists predicting it will stay at 5.5 percent.

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At its last review the bank expected it to remain at a restrictive level for some time.

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But Michael Reddell told Mike Hosking you could make a credible case for at least signalling the prospect of some more tightening now, or in the next two or three months.\\xa0

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