Podcasts Other The Mike Hosking Breakfast Sharon Zollner: ANZ Chief Economist on the likelihood of a cut to the OCR

Sharon Zollner: ANZ Chief Economist on the likelihood of a cut to the OCR

Published: May 21, 2024, 8:36 p.m.

The Reserve Bank is walking a tight rope when it comes to interest rates.\xa0

The OCR is expected to remain unchanged at 5.5% when the bank releases its quarterly Monetary Policy Statement this afternoon.\xa0

It's signalled a rate cut may not come for another year.\xa0

ANZ's Chief Economist Sharon Zollner told Mike Hosking that their view is that a cut is more likely to come next year, as inflation is coming down quite slowly.\xa0

On the other hand, she said, the economy has come down quite quickly, so it\u2019ll depend on how they weigh up those two factors.\xa0

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