The Reserve Bank this week lifted the Official Cash Rate to 5.5 per cent, as expected.
But the big surprise came when Reserve Bank Governor Adrian Orr told Kiwis that his work was done and that the Reserve Bank didn’t see the need to lift rates any higher.
So why has the Reserve Bank suddenly changed its mind on further hikes? Are Kiwis in for a longer run of inflation? And what factors will have the biggest impact on the economy over the next 12 months?
Today, on the Front Page, NZ Herald Wellington business editor Jenée Tibshraeny explains the repercussions from the latest OCR hike.
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Damien Venuto
Producer: Paddy Fox
Executive Producer: Ethan Sills
See omnystudio.com/listener for privacy information.
Popular Podcasts
On Purpose with Jay Shetty
I’m Jay Shetty host of On Purpose the worlds #1 Mental Health podcast and I’m so grateful you found us. I started this podcast 5 years ago to invite you into conversations and workshops that are designed to help make you happier, healthier and more healed. I believe that when you (yes you) feel seen, heard and understood you’re able to deal with relationship struggles, work challenges and life’s ups and downs with more ease and grace. I interview experts, celebrities, thought leaders and athletes so that we can grow our mindset, build better habits and uncover a side of them we’ve never seen before. New episodes every Monday and Friday. Your support means the world to me and I don’t take it for granted — click the follow button and leave a review to help us spread the love with On Purpose. I can’t wait for you to listen to your first or 500th episode!
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.
The Joe Rogan Experience
The official podcast of comedian Joe Rogan.