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The Official Cash Rate is expected to rise by 50-basis-points today, up to 4.75 percent.
But the decision of Reserve Bank governor Adrian Orr will be under the microscope with major economic challenges facing the country in the wake of Cyclone Gabrielle.
One economist, Jarrod Kerr of Kiwibank, has suggested a rate rise could go on hold for a month while damage from the cyclone is properly assessed.
ANZ chief economist Sharon Zollner spoke to Corin Dann.