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Liam Dann: They're skirting as close as they can to admitting we're facing a recession

Author
Newstalk ZB,
Publish Date
Thu, 26 May 2022, 6:43PM
(Getty Images)
(Getty Images)

Liam Dann: They're skirting as close as they can to admitting we're facing a recession

Author
Newstalk ZB,
Publish Date
Thu, 26 May 2022, 6:43PM

Adrian Orr was in front of the Finance Select Committee being grilled about yesterday's decision to raise the Official Cash Rate. 

The OCR now sits at 2 per cent. And Adrian Orr forecast it's going to peak at 3.9 per cent by June next year. A significant jump.  

Liam Dann, the Herald's business editor at large, joined Heather du Plessis-Allan. 

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