Paul Bloxham: HSBC Chief Economist on whether the Reserve Bank will take Cyclone Gabrielle into account for OCR announcement - Heather du Plessis-Allan Drive

The Reserve Bank is expected to deliver their latest OCR announcement tomorrow.

Economists are still predicting a a rate hike of 50 basis points, but many are calling for the announcement to be delayed.

Kiwibank in particular has insisted that the predicted rate hike should be delayed altogether in wake of Cyclone Gabrielle.

HSBC Chief Economist Paul Bloxham says that The Reserve Bank will go ahead with a rate rise because inflation is still too high and getting it down is the Bank's main long-term goal.

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