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OCR expected to remain steady

Author
Newstalk ZB,
Publish Date
Wed, 29 Nov 2023, 7:56am
Photo / Getty Images
Photo / Getty Images

OCR expected to remain steady

Author
Newstalk ZB,
Publish Date
Wed, 29 Nov 2023, 7:56am

Don't expect any major change to interest rates before Christmas. 

The Reserve Bank is tipped to keep the Official Cash Rate 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. 

NZIER's Christina Leung told Tim Dower that, for now, previous hikes appear to be having the desired effect. 

However, she says there is still work to be done yet to ease inflation. 

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