Latest / Early Edition with Ryan Bridge / Ting Huang: NZIER Senior Economist on economists spilt over whether OCR will rise or stay put

Transcript

Ting Huang: NZIER Senior Economist on economists spilt over whether OCR will rise or stay put · Early Edition with Ryan Bridge

• 0:00
  Speaker 1: I am forcier decision today. Anyone's guests. Really, Monetary Policy
• 0:03
  Speaker 1: committee was split almost down the middle on a hold
• 0:05
  Speaker 1: or were raised last time. In fact it was the
• 0:07
  Speaker 1: middle and then Bremen sticked it in with a casting
• 0:09
  Speaker 1: vote and held the banks for their money. A n
• 0:12
  Speaker 1: z and beans reckon we'll get a high quarter of
• 0:14
  Speaker 1: per cents two and a half asb West pact Kiwi
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  Speaker 1: bank they say will hold tin Huang is in Zidi,
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  Speaker 1: a senior economist with us this morning, Good morning, good morning,
• 0:24
  Speaker 1: so what do you reckon?
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  Speaker 2: Thank you? So our latest Insidaia Monetary Policy shadow Board
• 0:32
  Speaker 2: actually also show the spirit of fuse regarding whether the
• 0:35
  Speaker 2: USA should be at the July meeting today. But the
• 0:39
  Speaker 2: balance of strands of view the shadow Board to recommend
• 0:42
  Speaker 2: that the Central Bank the US are and hold out
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  Speaker 2: two point two five percent today.
• 0:48
  Speaker 1: And why is that? Because the risk if you raise
• 0:50
  Speaker 1: it now of crippling the economy even further is too high.
• 0:55
  Speaker 2: Sure so, although so although on balance of strands of
• 0:59
  Speaker 2: view at the shadow board recommended the OSR to keep
• 1:03
  Speaker 2: on hold that two point five two percent, But actually
• 1:07
  Speaker 2: of the other results reflect our lineboard co in terms
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  Speaker 2: of whether the result, banks should keep the OCA unchanged
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  Speaker 2: or raise it by twenty five paces points and rising
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  Speaker 2: inflation was actually, in fact was the key reason for
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  Speaker 2: those shadow board members who were in favor for the
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  Speaker 2: OCR to move towards the neutral rate sooner rather than later,
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  Speaker 2: and this is actually in line with our view at DR.
• 1:34
  Speaker 1: Good to have you on the show. Tinquan India Senior Economists.
• 1:38
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• 1:41
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• 1:44
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