The Prime Minister says getting price stability under control, will help grow our GDP.
It fell 0.3 percent in the three months to September, in a worse result than economists had predicted.
Chris Luxon says the previous government pumped money into the domestic economy.
He told Tim Dower in-turn, that's driven domestic inflation, which impacts everyone, as well as the economy.
Luxon says we have to get inflation back under three percent because when we have price stability, people can plan, invest, and they know their mortgages are coming down.
LISTEN ABOVE
See omnystudio.com/listener for privacy information.
Popular Podcasts
Spooky Podcasts from iHeartRadio
Whether you’re a scaredy-cat or a brave bat, this collection of episodes from iHeartPodcasts will put you in the Halloween spirit. Binge stories, frights, and more that may keep you up at night!
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
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.