Barry Soper: Newstalk ZB senior political correspondent on the Reserve Bank moving to increase the OCR for the first time in three years

The Reserve Bank moved to increase the OCR, prompting concern from some over what it could mean for the economy. The central bank raised the cash rate to 2.5 percent - the first hike in more than three years. Some economists thought inflation could surge as high as 4.8 percent this quarter. Newstalk ZB senior political correspondent Barry Soper says inflation needs to be brought under control - so this was the right move. LISTEN ABOVESee omnystudio.com/listener for privacy information.