What does the Official Cash Rate hike mean for the average Kiwi?

New Zealand’s Reserve Bank is desperate to bring inflation under control.

Official Cash Rate lifts over the last 12 months have been the most aggressive the country has ever seen. And that continued this week with the Reserve Bank pushing rates up further.

The role of the Reserve Bank in firstly creating inflation and now trying to stop it has become a major political talking point. 

Some critics are now even suggesting that it could be a rocky road ahead if the Reserve Bank doesn’t get the balance right. 

So how bad is the economic outlook really, and what real world impacts is this having on every day New Zealanders?

Today, NZ Herald business editor at large and Money Talks podcast host Liam Dann joins Damien to discuss what's going on with interest rates,

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You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Damien Venuto
Editor: Paddy Fox 
Executive Producer: Ethan Sills

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