The Reserve Bank kept the OCR at 2.25% … but the real story was hidden inside the forecasts.

In this episode, Ed and Andrew unpack the Reserve Bank’s latest projections for inflation, the OCR, unemployment, and house prices – including why interest rates could rise faster than previously expected.

You’ll learn:

• What the Reserve Bank announced
• Interest rate predictions … and how expensive your mortgage could get
• When the Reserve Bank thinks the price of petrol will get back to normal.

The big question now? If inflation keeps rising because of global oil prices – while New Zealand’s economy stays weak – what exactly is the Reserve Bank supposed to do next?

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