Whilst Kiwis Suffer, the Big Banks Play the "Great Game", aided by the RBNZ & Government.
Most days now in the lead-up to the Reserve Bank Official Cash Rate (OCR) announcement (it is expected to rise from 2.5% to at least 3.0%) media outlets are featuring articles on how much rates need to rise to conquer inflation. As far as I can work out, the Big Bank economists have largely morphed into PR and Comms types who are regularly in touch with the likes of the Herald appearing to helpfully explain how it all works, often complete with huge photos of themselves. Look