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Kelly Eckhold: Westpac Chief Economist on the expectation the Official Cash Rate will be hiked
Published 1 month ago
Description
Another OCR hike is widely expected today and the Reserve Bank could signal more are coming.
It announces its decision at 2pm, with the Official Cash Rate expected to rise from 2.5%.
Economists are picking one or two further hikes.
Westpac Chief Economist Kelly Eckhold told Ryan Bridge the Reserve Bank's view has shifted sharply since the start of the year.
He says they're pretty locked in for 3% between now and Christmas.
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