Reserve Bank Governor Adrian Orr stated that New Zealand's relatively strict border rules were a handbrake on his ability to rein in inflation.
Adrian Orr said that the border restrictions and subsequent immigration reset forced him to raise the mortgage rates higher than he otherwise would have gone for.
Immigration Minister Michael Wood says that the immigration reset represents practical steps towards getting the economy out of a tough spot, and that they've issued thousands of work visas to fill the gaps.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Las Culturistas with Matt Rogers and Bowen Yang
Ding dong! Join your culture consultants, Matt Rogers and Bowen Yang, on an unforgettable journey into the beating heart of CULTURE. Alongside sizzling special guests, they GET INTO the hottest pop-culture moments of the day and the formative cultural experiences that turned them into Culturistas. Produced by the Big Money Players Network and iHeartRadio.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.