Liam Dann: NZ Herald business editor asks if we really want interest rates to come down

from Best of Business · host Newstalk ZB

Reserve Bank Governor Adrian Orr warns restrictive monetary policy will be in place to fight inflation. The OCR has been raised by 25 basis points to 5.5 percent, but the RBA says it's unlikely to to higher. NZ Herald business editor Liam Dann says we may have gotten used to lower rates during the post-GFC timeframe and older generations will remember cash rates being 6- 7 percent. "The other big question is if we want them to come down, because of how they sort of skewed the economy over those years." LISTEN ABOVE See omnystudio.com/listener for privacy information.

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This episode was published on May 25, 2023.

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