Podcasts Other The Mike Hosking Breakfast Nick Tuffley: ASB Chief Economist thinks a OCR cut wont come until November

Nick Tuffley: ASB Chief Economist thinks a OCR cut wont come until November

Published: April 9, 2024, 8:43 p.m.

Economists don't expect the Official Cash Rate to be cut today, but they do expect it to be cut this year.\xa0

The Reserve Bank is reviewing the cash rate at 2pm today.

It's remained unchanged at 5.5% since May last year, up from a record low 0.25% in August 2021.

ASB\u2019s Chief Economist Nick Tuffley told Mike Hosking that they see a cut coming in November.\xa0

He said that by that point, there\u2019s been three quarters worth of data surrounding inflation, wages, and unemployment, so a cut is more likely.\xa0

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