The Reserve Bank made headlines this week by raising the official cash rate by 50 basis points despite the impact of Cyclone Gabrielle.
The OCR now sits at 4.75 per cent, its highest level since 2008, and the impact of this will eventually feed into the economy as fixed mortgage rates expire.
Speaking to Thomas and NZ Herald Wellington Business Editor, Jenée Tibshraeny, Deputy Reserve Bank Governor Christian Hawkesby admits that getting the balance right in the fight against inflation can be tricky.
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