How much pain will the Official Cash Rate hike cause?

The Reserve Bank has hiked the Official Cash Rate to 5.25%, surprising many economists, politicians and journalists with the increase.   The eleventh consecutive OCR hike comes after the Reserve Bank admitted to deliberately engineering a recession to get on top of inflation.    But how far is the Reserve Bank willing to go? And where does this leave politicians?  Today, NZ Herald business editor at large and host of the Money Talks podcast, Liam Dann, joins Georgina Campbell (On the Tiles - Local Edition) to analyse the country’s latest monetary policy moves.  Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts. You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network. Host: Georgina CampbellProducer: Shaun D Wilson and Paddy FoxExecutive Producer: Ethan SillsSee omnystudio.com/listener for privacy information.