Michael Reddell: Former Reserve Bank Economist on the rate of inflation
The Mike Hosking Breakfast - A podcast by Newstalk ZB
A former Reserve Bank economist says while inflation is falling, it's still terrible. CPI rose 5.6% in the year to September, down from 6% in the year to June. Michael Reddell says he hasn't seen anything which would give him confidence the Reserve Bank is trending towards the 2% target. He told Mike Hosking that the Reserve Bank shouldn't put a pause on OCR hikes. Reddell says they should have raised it last month and should raise it in November. LISTEN ABOVE See omnystudio.com/listener for privacy information.
