The Finance Minister says the economy is in a very painful spot for many people. 

The Reserve Bank has again held the OCR at 5.5%, where it's been for a year. 

It means interest rates may have to stay higher for longer. 

Minister Nicola Willis told Mike Hosking that the Government's made it clear Adrian Orr needs to get inflation back into the target band. 

She says the Government has to do its bit to make sure its policies are more friend to him than foe, so he doesn't have to go as hard as he may otherwise.

LISTEN ABOVE

The Finance Minister says the economy is in a very painful spot for many people.  
The Reserve Bank has again held the OCR at 5.5%, where it's been for a year.  
It means interest rates may have to stay higher for longer.  
Minister Nicola Willis told Mike Hosking that the Government's made it clear Adrian Orr needs to get inflation back into the target band.  
She says the Government has to do its bit to make sure its policies are more friend to him than foe, so he doesn't have to go as hard as he may otherwise. 
LISTEN ABOVE

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more.

The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.

Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.

The sharpest voice and mind in the business, Mike drives strong opinion,...

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