When the Facts Change
Why is the Reserve Bank continuing to hold the OCR?
RBNZ Chief economist Paul Conway joins Bernard to explain why it continues to hold the OCR at 5.5% and if this approach can make an impact on sticky inflation.
14 Jun 2024
More about the episode
Reserve Bank Chief Economist Paul Conway joins Bernard in the immediate aftermath of a surprisingly hawkish monetary policy statement, and just before the Budget. Together they discuss sources of inflation, why interest rates are staying high for longer than anyone expected, and whether the blunt instrument of the official cash rate can do anything about this extra-sticky inflation.
