First Official Cash Rate hike in seven years expected today

Author
Newstalk ZB,
Publish Date
Wed, 6 Oct 2021, 7:48AM
(Photo / File)
(Photo / File)

First Official Cash Rate hike in seven years expected today

Author
Newstalk ZB,
Publish Date
Wed, 6 Oct 2021, 7:48AM

The Reserve Bank makes its monetary policy review announcement this afternoon. 

The guts of it is the Official Cash Rate, which is still at 0.25 percent. 

Inflation is outside the target range right now at 3.3 percent; so what should we expect? 

ASB's chief economist, Nick Tuffley, joined Tim Dower. 

LISTEN ABOVE