Mark Wilkshire: The Co-operative Bank CEO on RBNZ keeps OCR at 2.25 percent
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Mark Wilkshire: The Co-operative Bank CEO on RBNZ keeps OCR at 2.25 percent
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About this listen
The Reserve Bank expects inflation to spike this quarter but says it's still too early to say by how much.
The central bank's opted to keep the Official Cash Rate unchanged at 2.25% for now.
It's forecasting inflation will surge to 4.2% in the June quarter but admits that forecast doesn't take into account the fall in fuel prices after yesterday's Iran ceasefire announcement.
The Co-operative Bank CEO Mark Wilkshire shares his thoughts with Ryan Bridge.
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In the spirit of reconciliation, Audible acknowledges the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respect to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander peoples today.