The Reserve Bank is set to announce its latest OCR decision next week. Logan says New Zealand is at a turning point. The questions are “how fast the turn will be and when,” he says.

While there were signs of economic green shoots at the start of the years and the expectation of a “classical normal” recovery that is off the cards now with the war in the Middle East.

Logan explains in this episode of GRTV, why the RBNZ is in a “tricky position”.

His view is that there will be two or three 25 basis point hikes.

“That’s probably enough,” he says.