Tony Alexander: Economist says he thinks Reserve Bank should pause today's Official Cash Rate announcement
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At least one economist thinks the Reserve Bank should delay its Official Cash Rate announcement. The central bank is due to make that, and deliver its Monetary Policy Statement at...
show moreThe central bank is due to make that, and deliver its Monetary Policy Statement at 2pm.
Independent economist Tony Alexander told Mike Hosking without this lockdown the OCR would've gone up by 50 basis points, because he says the Reserve Bank has overcooked the economy.
Now he thinks the central bank should put today's announcement off.
"Personally, I would say it's still fairly clear interest rates need to go up, but we're just going to delay things for maybe one or two weeks."
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| Author | Rocco Zanni |
| Organization | Spreaker Staff |
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