The Finance Minister says the fight against inflation is not over yet -- as the Reserve Bank opts to keep the Official Cash Rate unchanged.
The OCR will stay at 5.5 percent, which is in line with most economists' expectations.
Nicola Willis says the bank clearly believes it's making progress in the fight against inflation, which is good news for every New Zealander.
But she says interest rates are high for anyone with a mortgage or a credit card bill, and she wants to see inflation come down so interest rates can eventually follow.
NZ Herald Business Editor at Large Liam Dann joined Simon Barnett & James Daniels to detail the OCR decision.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Crime Junkie
Does hearing about a true crime case always leave you scouring the internet for the truth behind the story? Dive into your next mystery with Crime Junkie. Every Monday, join your host Ashley Flowers as she unravels all the details of infamous and underreported true crime cases with her best friend Brit Prawat. From cold cases to missing persons and heroes in our community who seek justice, Crime Junkie is your destination for theories and stories you won’t hear anywhere else. Whether you're a seasoned true crime enthusiast or new to the genre, you'll find yourself on the edge of your seat awaiting a new episode every Monday. If you can never get enough true crime... Congratulations, you’ve found your people. Follow to join a community of Crime Junkies! Crime Junkie is presented by audiochuck Media Company.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.