Podcasts Other The Mike Hosking Breakfast Nicola Willis: Finance Minister on the OCR announcement and the responsibilities of the Reserve Bank

Nicola Willis: Finance Minister on the OCR announcement and the responsibilities of the Reserve Bank

Published: May 22, 2024, 8:08 p.m.

The Finance Minister says the economy is in a very painful spot for many people. \xa0

The Reserve Bank has again held the OCR at 5.5%, where it's been for a year. \xa0

It means interest rates may have to stay higher for longer. \xa0

Minister Nicola Willis told Mike Hosking that the Government's made it clear Adrian Orr needs to get inflation back into the target band. \xa0

She says the Government has to do its bit to make sure its policies are more friend to him than foe, so he doesn't have to go as hard as he may otherwise.\xa0

LISTEN ABOVE\xa0

See omnystudio.com/listener for privacy information.