How the oil shock is keeping the OCR guessing game alive

All eyes are on the Reserve Bank this week, as it prepares to make its latest call on the Official Cash Rate. 

Just weeks ago, a hike looked likely. 

But as Wednesday’s announcement approaches, that once-simple story has become a lot more complicated. 

Fuel prices have fallen, inflation fears have softened, and economists are now sharply divided on whether the Bank should move at all. 

So what changed? And what does this moment reveal about the balancing act the Reserve Bank is trying to pull off? 

Today on The Front Page, NZ Herald business editor at large Liam Dann is with us to talk through the OCR call, the growing uncertainty around it, and what comes next for borrowers, businesses, and the economy. 

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

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