'The right balance': Expert explains why RBNZ increased OCR
Follow
the podcast on
The Reserve Bank has lifted the Official Cash Rate for the first time in more than three years.
It's raised the OCR 25 basis points to 2.5 percent.
The Monetary Policy Committee's six members all agreed to raise the cash rate - despite divided opinions from economists.
Infometrics Principal Economist Brad Olsen says the Reserve Bank will be looking to get the OCR down to a more 'normal' level - and this increase is the first step.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeart app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeart is easy to use and all FREE
