Quote Originally Posted by snapiti View Post
I cant understand the latest increase's in the OCR inflation is well under control and has been for a long time.
Doe's not effect me personally but it will put a damper on consumer spending.
They are worried about housing and want to stop the bubble. They are going away from their inflation mandate and technically in breach of their mandate.

The continual rise in interest rates will most likely cause big future problems for exporters via a high currency. Currently the US and japan are proactively devaluing their currencies to kick start their economies. NZ has decided to go with the high currecny option at the expense of exporters due to housing.