Gareth Kiernan: Infometrics chief economist on the Reserve Bank's plans for future OCR hikes

The Reserve Bank left the OCR at 5.5 percent during today's review, in line with predictions. The Bank also issued a hawkish statement about future hikes, claiming further hikes would be needed if inflationary pressures got to be stronger than anticipated. Infometrics chief economist Gareth Kiernan says there's a good chance the OCR will need to go up between now and 2025. "Economic activity is running a percentage point higher than the Reserve Bank had been anticipating when it did its' last statement back in August- that didn't sound like a lot, but we knew the economy was highly stretched." LISTEN ABOVESee omnystudio.com/listener for privacy information.