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OCR likely to remain static for next few months

Author
Newstalk ZB,
Publish Date
Wed, 10 Apr 2024, 7:34AM
Photo / 123RF
Photo / 123RF

OCR likely to remain static for next few months

Author
Newstalk ZB,
Publish Date
Wed, 10 Apr 2024, 7:34AM

The Official Cash Rate is likely to remain unchanged for at least the next few months. 

Most economists expect the Reserve bank to keep the Official Cash Rate unchanged at 5.5% when it comes up for review at 2pm. 

It's remained unchanged since May last year. 

Jarden Investment Strategist John Carran says it's 50-50 whether the Reserve Bank cuts the OCR in August or November. 

The primary focus is on inflation, he said, so that is where they’re looking for the OCR rate. 

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