There's no prizes for going harder than we need to on interest rates.

KiwiBank says the Reserve Bank is at risk of going too far.

The central bank lifted the Official Cash Rate by 75 basis points last month, while Australia's Reserve Bank lifted theirs by 25 basis points yesterday.

KiwiBank CEO Steve Jurkovick told Mike Hosking the Reserve Bank should watch and see the impact coming through of the tightening so far.

He doesn't see a downside to that as it's an approach being taken by other central banks around the world.

Jurkovich doesn't see why we need to be such a dramatic outlier.

LISTEN ABOVE

There's no prizes for going harder than we need to on interest rates.
KiwiBank says the Reserve Bank is at risk of going too far.
The central bank lifted the Official Cash Rate by 75 basis points last month, while Australia's Reserve Bank lifted theirs by 25 basis points yesterday.
KiwiBank CEO Steve Jurkovick told Mike Hosking the Reserve Bank should watch and see the impact coming through of the tightening so far.
He doesn't see a downside to that as it's an approach being taken by other central banks around the world.
Jurkovich doesn't see why we need to be such a dramatic outlier.
LISTEN ABOVE

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.