Jenee Tibshraeny: NZ Herald business editor on the rising unemployment rate and what it means for the next OCR hike

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Recorded01 Feb 2023

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There are suggestions the next Official Cash Rate increase will be 50 basis points. Latest figures from the December quarter show the unemployment rate has risen slightly to 3.4 percent, which was higher than expected. It's sparked speculation from major banks that the next OCR hike to cool inflation will be lower, rather than the predicted 75 basis points. NZ Herald Wellington business editor Jenee Tibshraeny says people might be tempted to celebrate, but a 50 percent basis point hike is still a significant increase. LISTEN ABOVE See omnystudio.com/listener for privacy information.

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