5 Apr 2023

Analysis: Reserve Bank set to raise OCR again

From Morning Report, 7:47 am on 5 April 2023

The Reserve Bank is expected to raise the official cash rate again today. 

The general consensus among bank and business economists is for a quarter-of-a-percent increase,  what they call 25 basis points, taking the OCR to 5 percent.

Their predictions vary though - some expect the Reserve Bank to stop the rate rises.

Australia's Reserve Bank made the call to hold interest rates at 3.6 percent on Tuesday. 

Institute for Economic Research's principal economist Christina Leung spoke to Guyon Espiner.