Nick Tuffley: ASB Chief Economist ahead of today's OCR figures

Published: July 9, 2024, 8:35 p.m.

There are expectations the Reserve Bank will leave the OCR untouched once again.\xa0

The Official Cash Rate's been held at 5.5% the last six times in a row.\xa0

Many bank economists believe it'll be held again while the Reserve Bank waits for more evidence inflation's falling back towards its target band of one to three percent.\xa0

ASB Chief Economist Nick Tuffley told Andrew Dickens they think there are some encouraging signs that inflation will fall and be back within the target band fairly soon.\xa0

He said that people just need to hang in a little longer.\xa0

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