Why is the Reserve Bank continuing to hold the OCR?

Paul Conway, Chief Economist at the Reserve Bank of New Zealand, offers keen insights on monetary policy and inflation. He discusses why interest rates remain high and the challenges tied to persistent inflation. Conway highlights the complicated relationship between inflation control and economic stability, examining recent trends in the housing market and the implications of fiscal policies. He also warns against oversimplifying the impacts of interest rates, using Turkey as a notable example of what can go wrong.