Hiking interest rates: WHY?!

The RBNZ has raised the interest rate to 2.5%. And we aren't happy. But we have a special guest on the podcast to help distract us from our foul mood. Mieneke Perniskie, Kiwibank Senior Dealer, Financial Markets joins us to discuss the implications for exchange rates.The Kiwi dollar has taken a battering this year, off the back of the oil crisis. The Kiwi-Aussie exchange rate in particular has made our exports go on sale. Good news for exporters! And we can see it in Manufacturing PMI.As the interest rates head to neutral (wherever that ends up landing), we speculate what the rest of the world is doing. And what that means for our rate differentials, and of course, currency. Hosted by Jarrod Kerr, Alexandra Turcu and Elliott Lowe. Follow our economic commentary & insights here.Any views or information shared in this podcast, while given in good faith, aren't necessarily the view of Kiwibank.