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.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
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.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
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