Michael Reddell: Former Reserve Bank Economist on the rate of inflation
The Mike Hosking Breakfast · Newstalk ZB
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Show Notes
A former Reserve Bank economist says while inflation is falling, it's still terrible.
CPI rose 5.6% in the year to September, down from 6% in the year to June.
Michael Reddell says he hasn't seen anything which would give him confidence the Reserve Bank is trending towards the 2% target.
He told Mike Hosking that the Reserve Bank shouldn't put a pause on OCR hikes.
Reddell says they should have raised it last month and should raise it in November.
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