Show Notes
The Reserve Bank recently raised the Official Cash Rate by 75 basis points to 4.25 per cent - the highest rate since 2008.
The move is intended to target rising inflation and curb back spending, but it has big consequences for anyone with a floating mortgage rate.
Today, Tamsyn Parker is joined by independent economist Tony Alexander to talk about his predictions of how high that could go, and if this recession will be as bad as what the country has seen before. See omnystudio.com/listener for privacy information.
More from Continuous Disclosure
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Over the last few weeks, Auckland Mayor Wayne Brown has attempted to get councillors on side with his desire to sell the council’s shares in Auckland Airport.