Have we seen the end of OCR hikes?

The Reserve Bank this week lifted the Official Cash Rate to 5.5 per cent, as expected.   But the big surprise came when Reserve Bank Governor Adrian Orr told Kiwis that his work was done and that the Reserve Bank didn’t see the need to lift rates any higher.  So why has the Reserve Bank suddenly changed its mind on further hikes? Are Kiwis in for a longer run of inflation? And what factors will have the biggest impact on the economy over the next 12 months?     Today, on the Front Page, NZ Herald Wellington business editor Jenée Tibshraeny explains the repercussions from the latest OCR hike.    Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Damien VenutoProducer: Paddy FoxExecutive Producer: Ethan SillsSee omnystudio.com/listener for privacy information.

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Go beyond the headlines with The Front Page, the New Zealand Herald’s daily news podcast. Each weekday Chelsea Daniels unpacks the stories shaping Aotearoa, from what’s happening in our own backyard to global events shaping our future. Every episode we speak to leaders, experts, reporters, and those living the story, so you get the full picture.  Subscribe now so you never miss an episode.