Talk Money: October 28, 2015

  • 28/10/2015
(Paul Henry)
(Paul Henry)

The Reserve Bank reviews the official cash rate (OCR) tomorrow. It increasingly looks like interest rates will stay on hold.

A survey by the NZ Institute of Economic Research says the bank's governor Graeme Wheeler should keep the OCR at 2.75 percent.

But it is likely that he will want to talk down the dollar.

It has risen to 68 US cents this morning.

The Kiwi has also gained strength against the Australian dollar, reaching 94 cents overnight.

That is well below the 99.36 Australian cents it reached in April, but is higher than the 88.70 cents the NZ dollar was trading for in mid-August.

Watch the video for the full Talk Money segment.

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