Follow the podcast on
Surprise from some economists at the size of the Official Cash Rate rise.Â
The Reserve Bank has lifted the rate by half a percent, to 1.5 percent.Â
NZIER principal economist, Christina Leung, says she thought there was a 50/50 chance of the rise being 50 basis points.Â
But she told Mike Hosking the central bank is balancing a lot of different factors.Â
Leung says there's a surge in inflation pressures, but there's also uncertainty from how the Covid-19 outbreak will evolve, and the war in Ukraine.Â
LISTEN ABOVEÂ
Take your Radio, Podcasts and Music with you