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Podcast: The Mike Hosking Breakfast
Episode: Mark Smith: ASB Senior Economist ahead of the inflation rate announcement for Q4
Description: The Reserve Bank isn't expected to change its course, despite inflation remaining higher for longer. Stats NZ is providing its latest CPI update at 10.45am. Economists expect the inflation rate to remain about 3% – the very upper end of the Reserve Bank's target range. That's higher than forecast, reflecting a higher-than-expected rise in travel costs. ASB Senior Economist Mark Smith told Mike Hosking it’s a little too soon to be thinking about hikes to the OCR, which is likely to be conditional on inflation. He says the Reserve Bank likely fe...