the podcast on
The Budget's being described as the straw that will break the camel's back on pushing up the Official Cash Rate.
Bank economists are predicting bigger interest rate hikes after the release of Finance Minister Grant Robertson's annual spending programme yesterday.
BNZ Head of Research Stephen Toplis says that there were already several reasons for the Central Bank to keep lifting the OCR.
He says they were on the verge of forecasting another rate increase, but there was more stimulus in the Budget than expected, which tipped them over the edge.
LISTEN ABOVE
Take your Radio, Podcasts and Music with you
Get the iHeart App
Get more of the radio, music and podcasts you love with the FREE iHeartRadio app. Scan the QR code to download now.
Download from the app stores
Stream unlimited music, thousands of radio stations and podcasts all in one app. iHeartRadio is easy to use and all FREE
