RBNZ not backing down from inflation fight

Send us a question/idea/opinion direct via text message!The RBNZ increased the OCR by the expected 50 basis points last week but along with it opined the option of going even harder with a 75 basis point lift. What makes the call even more intriguing was that the Reserve Bank over the ditch (RBA) dialled back their tightening with only a 25 basis point increase. Nick and Kelvin ponder the potential reasons for the different approaches, including consideration of the RBNZ making a mistake...