The Reserve Bank made headlines this week by raising the official cash rate by 50 basis points despite the impact of Cyclone Gabrielle.
The OCR now sits at 4.75 per cent, its highest level since 2008, and the impact of this will eventually feed into the economy as fixed mortgage rates expire.
Speaking to Thomas and NZ Herald Wellington Business Editor, Jenée Tibshraeny, Deputy Reserve Bank Governor Christian Hawkesby admits that getting the balance right in the fight against inflation can be tricky.

The Reserve Bank made headlines this week by raising the official cash rate by 50 basis points despite the impact of Cyclone Gabrielle. The OCR now sits at 4.75 per cent, its highest level since 2008, and the impact of this will eventually feed into the economy as fixed mortgage rates expire. Speaking to Thomas and NZ Herald Wellington Business Editor, Jenée Tibshraeny, Deputy Reserve Bank Governor Christian Hawkesby admits that getting the balance right in the fight against inflation can be tricky.

Each Friday, NZ Herald Deputy Political Editor Thomas Coughlan covers off the biggest political news in New Zealand, going behind the headlines and giving the inside perspective direct from the Beehive, featuring interviews with politicians, press gallery reporters and economic and political experts.

And join us every month for a Local Edition episode with Georgina Campbell, looking at the biggest concerns from a local government level. 

You can find more politics news at nzherald.co.nz/politics/

Each Friday, NZ Herald Deputy Political Editor Thomas Coughlan covers off the biggest political news in New Zealand, going behind the headlines and giving the inside perspective direct from the Beehive, featuring interviews with politicians, press gallery reporters and economic and political experts.
And join us every month for a Local Edition episode with Georgina Campbell, looking at the biggest concerns from a local government level.  You can find more politics news at nzherald.co.nz/politics/

Each Friday, NZ Herald Senior Political Reporter Thomas Coughlan covers off the biggest political news in New Zealand, going behind the headlines and giving the inside perspective direct from the Beehive, featuring interviews with politicians, press...