Jenee Tibshraeny: NZ Herald Wellington business editor on the Reserve Bank holding the OCR steady at 5.5 percent
Heather du Plessis-Allan Drive · Newstalk ZB
April 10, 20243m 12s
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Show Notes
The Reserve Bank held the OCR steady at 5.5 percent, but warned people about the risk that came with increased rates.
Governor Adrian Orr says rates will need to stay high for a sustained period- and warned this could lead to more unemployment and financial stress 'than expected'.
NZ Herald Wellington business editor Jenee Tibshraeny says the RBNZ's 'engineered recession' came with risks- and we're seeing the results.
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Topics
OCRmoneybusinesseconomy