The Finance Minister says she's okay with a short spike in inflation. 

The Reserve Bank has slashed the cash rate 50-basis-points to 2.5% and is leaving the door open to further cuts. 

It expects inflation to reach or surpass 3% in the short term but believes the economy is weak enough to push inflation back down again next year. 

Nicola Willis told Mike Hosking we won't see another long-period of sustained much-higher inflation. 

She says a little blip's okay, but the three years of high inflation under the last government is not okay. 

LISTEN ABOVE 

The Finance Minister says she's okay with a short spike in inflation.&nbsp;
The Reserve Bank has slashed the cash rate 50-basis-points to 2.5% and is leaving the door open to further cuts.&nbsp;
It expects inflation to reach or surpass 3% in the short term but believes the economy is weak enough to push inflation back down again next year.&nbsp;
Nicola Willis told Mike Hosking we won't see another long-period of sustained much-higher inflation.&nbsp;
She says a little blip's okay, but the three years of high inflation under the last government is not okay.&nbsp;
LISTEN ABOVE&nbsp;

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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,...

The Mike Hosking Breakfast

Nicola Willis: Finance Minister on the OCR being cut to 2.5%, potential inflation spikes

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ca81df63-4d25-4246-9f1a-b370013dc56b/transcript

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