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'Hard to measure': Westpac forecasts OCR hike for later this year

Author
Newstalk ZB,
Publish Date
Tue, 14 Apr 2026, 5:30pm

'Hard to measure': Westpac forecasts OCR hike for later this year

Author
Newstalk ZB,
Publish Date
Tue, 14 Apr 2026, 5:30pm

Another bank is predicting an upcoming OCR raise. 

ANZ has already picked three consecutive Official Cash Rate hikes in July, September, and October.

Now Westpac says it's becoming more of a possibility next month - but is more likely in September. 

Chief economist Kelly Eckhold says the Reserve Bank will work from specific indicators. 

"They're looking for indications that the peak in inflation will be even higher than they currently expect."

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