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OCR change unlikely to occur so close to the election

Author
Newstalk ZB,
Publish Date
Wed, 4 Oct 2023, 8:11AM
Photo / 123RF
Photo / 123RF

OCR change unlikely to occur so close to the election

Author
Newstalk ZB,
Publish Date
Wed, 4 Oct 2023, 8:11AM

The Reserve Bank is tipped to keep the Official Cash Rate unchanged at 5.5% when it comes up for review this afternoon. 

Westpac's Kelly Eckhold told Kate Hawkesby that a change is unlikely so close to an election. 

However, she said, the markets are looking at a 50-60% rate increase in November, earlier than the Reserve Bank had previously indicated.  

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