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Andrew Kelleher: No changes expected to Official Cash Rate
Don't expect any change to the Official Cash Rate this morning.
Reserve Bank Governor Adrian Orr is expected to keep the OCR unchanged at 1.75 percent.
The central bank has not changed the rate since November 2016.
JMI Wealth director Andrew Kelleher told Mike Hosking it won't be rushing to change it today.
"Orr has said the challenge is to get inflation up, and I think they will still be concerned about the forecast growth track."
LISTEN ABOVE AS ANDREW KELLEHER SPEAKS TO MIKE HOSKING
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By Newstalk ZBDon't expect any change to the Official Cash Rate this morning.
Reserve Bank Governor Adrian Orr is expected to keep the OCR unchanged at 1.75 percent.
The central bank has not changed the rate since November 2016.
JMI Wealth director Andrew Kelleher told Mike Hosking it won't be rushing to change it today.
"Orr has said the challenge is to get inflation up, and I think they will still be concerned about the forecast growth track."
LISTEN ABOVE AS ANDREW KELLEHER SPEAKS TO MIKE HOSKING