An interest rate bludgeoning
The Reserve Bank has released its May monetary policy statement and, as usual, Bernard has plenty to say about it. He is joined by Kiwibank chief economist Jarrod Kerr to interpret our central bank's decisions and how they will affect Aotearoa going forward.
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Show Notes
The Reserve Bank warned this week of high interest rates and high inflation for even longer, with sticky rental, rates and insurance inflation all partly to blame. Kiwibank chief economist Jarrod Kerr joins Bernard Hickey to discuss the how blunt our central bank's main monetary policy tool can be, and the developing opinion that high interest rates actually increase, rather than decrease, the inflation.
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