The OCR is expected to remain steady.
It’s expected to remain unchanged at 5.5% when the bank releases its quarterly Monetary Policy Statement this afternoon.
It's signalled a rate cut may not come for another year.
Infometrics' Brad Olsen says the central bank is having to focus on inflation, over other negative economic indicators like rising unemployment.
He told Mike Hosking that he’d be very surprised if they decided to move it.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
The Nikki Glaser Podcast
Every week comedian and infamous roaster Nikki Glaser provides a fun, fast-paced, and brutally honest look into current pop-culture and her own personal life.