What the Reserve Bank's latest decision means

The Reserve Bank made its first big set piece decision of the year this week, releasing its monetary policy statement and raising the Official Cash Rate to 1.0%. So what does that mean for interest rates and house prices? In this week’s episode, Bernard Hickey asks Reserve Bank governor Adrian Orr about the property price boom and wage inflation, and talks through the implications of the Reserve Bank’s decisions and outlook with Kiwibank chief economist Jarrod Kerr. Learn more about your ad choices. Visit megaphone.fm/adchoices