Liam Dann OCR held at 5.5%: No news is good news
The Finance Minister says the fight against inflation is not over yet -- as the Reserve Bank opts to keep the Official Cash Rate unchanged. The OCR will stay at 5.5 percent, which is in line with most economists' expectations. Nicola Willis says the bank clearly believes it's making progress in the fight against inflation, which is good news for every New Zealander. But she says interest rates are high for anyone with a mortgage or a credit card bill, and she wants to see inflation come down so interest rates can eventually follow. NZ Herald Business Editor at Large Liam Dann joined Simon Barnett & James Daniels to detail the OCR decision. LISTEN ABOVESee omnystudio.com/listener for privacy information.