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'50 and done': Economist predicts big hike to OCR

Author
Newstalk ZB,
Publish Date
Wed, 24 May 2023, 7:40AM
Photo / 123RF
Photo / 123RF

'50 and done': Economist predicts big hike to OCR

Author
Newstalk ZB,
Publish Date
Wed, 24 May 2023, 7:40AM

Brace for another hike to interest rates, with the Reserve Bank reviewing the Official Cash Rate this afternoon.

Westpac Chief Economist Kelly Eckhold and JMI Wealth Director Andrew Kelleher are predicting a 25-basis point hike.

However, ASB Chief Economist Nick Tuffley told Mike Hosking he's expecting a bigger hike.

“A 50 and done.”

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