Experts are divided about whether the Official Cash Rate will be put up today
Experts are divided about whether the Official Cash Rate will be put up today
6 October 2021
The Reserve Bank's due to make an announcement about 2pm.
The OCR's been at point-25 percent for more than 18 months, and the central bank decided not to increase it in August because of the Covid-19 outbreak.
NZIER principal economist, Christina Leung says its shadow board of experts is split, with business representatives wanting the OCR held, and bankers and academics wanting it to rise.
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