Brad Olsen: Infometrics' Senior Econimist ahead of Reserve Banks decision on the Official Cash Rate

episode

Best of Business not yet transcribed

▲ 0

Transcript

This episode hasn't been transcribed yet Upvotes decide what gets transcribed next — 0 so far. Sign in to upvote

More from Best of Business

Jannet Xuccoa: When's the right time for a trust? 44 min · 21 Dec 2025

All episodes from Best of Business →

Report any issue

Source

Recorded24 Nov 2021

Publisheromnycontent.com ↗

Handlerec:7249944

Show notes

Jamie Gray's piece in Monday's New Zealand Herald detailed what the Reserve Bank will do with the $55 billion in New Zealand Government bonds now Quantitative Easing is over. There seems to be consensus the Reserve Bank will increase the Official Cash Rate today - but the question is, by how much? Governor Adrian Orr will be making the announcement at 2pm, along with the Monetary Policy Statement. Senior Economist at Infometrics Brad Olsen joined Kerre McIvor and told her that we have a very hot economy at the moment. “We’ve got record high inflation and record low un-employment and we had economic activity over the first half of the year that grew at nearly double the pace the Reserve Bank thought.” He said things are a lot hotter than the Reserve Bank expected and they'll want to increase interest rates. LISTEN ABOVESee omnystudio.com/listener for privacy information.

Ask this episode

“What did the council decide on item 42?” — answered with the speaker and the moment.