Central banks will keep hiking interest rates but won't follow through on all their tough talk.

This is the view of our Chief Investment Officer Ashley Gardyne, who is among a group of economic observers who believe the New Zealand economy won't be able to handle too many more aggressive official cash rate (OCR) hikes.

Speaking to the Herald's Continuous Disclosure podcast, Gardyne said he foresaw the OCR peaking at 4 or 4.25 per cent, before falling next year.

Continuous Disclosure is available on IHeartRadio, Spotify, Apple Podcasts, or wherever you get your podcasts. New episodes come out every second Wednesday.