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Weaker inflation has economists predicting steady OCR

Author
Newstalk ZB,
Publish Date
Wed, 29 Nov 2023, 8:04AM
Photo / 123RF
Photo / 123RF

Weaker inflation has economists predicting steady OCR

Author
Newstalk ZB,
Publish Date
Wed, 29 Nov 2023, 8:04AM

The Official Cash Rate is expected to remain steady. 

The Reserve Bank is tipped to keep it unchanged at 5.5% at its next review at 2pm today. 

Economists and commentators remain divided on whether there will be further hikes in the current cycle. 

Investment Strategist and Economist at Jarden, John Carran, told Mike Hosking that inflation has been a bit weaker than expected. 

He said that the labour markets have started to cool quite materially. 

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