Adrian Orr: RBNZ Governor is confident the country is on track to squeezing out inflation

The Governor of the Reserve Bank is confident the country is on track to squeezing out inflation. Adrian Orr is keeping the Official Cash Rate at 5.5 percent, with the possibility of another hike later this year. Inflation is still running high on 6 percent. Orr told Mike Hosking we're sitting in a pretty strong position. He says the economy's outlook is one of subdued domestic spending, continued export earnings, and working through the inflation period. Adrian Orr says this is the story globally. LISTEN ABOVE    See omnystudio.com/listener for privacy information.