24 Nov 2021

Economist on OCR rise predictions

From Morning Report, 7:39 am on 24 November 2021

There are high expectations for another interest rate rise from the Reserve Bank today.

Economists are near unanimous that the official cash rate will be raised 25 basis points, a quarter of a percentage point, to 0.75 percent, with a minority view that a 50 basis point rise to 1 percent is possible.

ANZ New Zealand chief economist Sharon Zollner spoke to Corin Dann.