There's pressure growing for the Reserve Bank to move more aggressively on the Official Cash Rate. New Zealand's inflation rate is officially back on target, at 2.2 percent. Infometrics Principal Economist Brad Olsen says that although the Reserve Bank has recently cut the OCR - it's still higher than it should be. He says the Bank probably needs to slash the rate faster than it originally intended. "It does open that strong possibility of a 75 basis point cut in November - because they'll be taking a 12-week break over summer." LISTEN ABOVE The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.See omnystudio.com/listener for privacy information.

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