Frances Cook

You could look at that and say, why are you piling on more pain?

How on earth does that help?

What's the idea behind raising interest rates when we start to see this oil crisis, the supply shock, it's pushing up prices?

How does this help?

Yeah, yeah.

It's basically quite bitter medicine, but it's the only medicine we've really got, isn't it?

I mean, the Reserve Bank has been sending pretty pointed signals.

I found the recent, they had the official cash rate decision that they put out.

They did hold it steady, but the chat amongst it, the report that they put out alongside it was very clear that something's happening.

And now you've got all the bank economists weighing in and saying when they think it'll be and how much it should be and

What do you think?

We've got ANZ saying three OCR hikes this year, starting as early as July.

ASB reckons September.

Infometrics is saying we could be getting going May, you know, in a few weeks.

And then Kiwi Bank, of course, out on their own are the ones saying that, no, please don't do anything.

Now, I'm not asking you to pick sides amongst the banks there, but what do you think of those timelines?

And do you see anything there?

Like, do you see a timeline that looks likely to you?

Yeah.

Yeah.