The Reserve Bank announced that they were hiking the OCR up a further 75 basis points to 4.25 percent, in numbers the economy hasn't seen since 2008.
These numbers were expected, but the markets still haven't been taking it well, according to Milford Asset Management's Kaitlyn Parker.
The currency is going up and shares are going down. According to Kaitlyn Parker, the numbers aren't the biggest cause for concern, but rather the OCR's decision to be that aggressive with their response to potential inflation.
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