To hike, or not to hike? Unpacking the monetary policy statement with Adrian Orr
RBNZ governor Adrian Orr joins Bernard to discuss the rationale behind keeping NZ's official cash rate at 5.5%.
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Show Notes
Te Pūtea Matua governor Adrian Orr joins Bernard to discuss the bank’s decision to hold the official cash rate at 5.5%, rather than hiking it further in an attempt to control rampant inflation (which is still roughly double where the RBNZ wants it). Listen in to hear the governor's reasoning behind the cash rate hold, his thoughts on New Zealand's record net migration and whether the government's decision to remove the bank's inflation/unemployment dual mandate earlier in the year has made any meaningful difference.
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