Opinion byGreg SmithNZ Herald·27 Oct, 2026 04:00 PM10 mins to readGreg Smith is an investment specialist at GenerateThe Reserve Bank's dual mandate: should interest rates consider jobs as well as inflation? Pictured is Reserve Bank Governor Anna Breman. Photo / Getty ImagesThis afternoon, the Reserve Bank will decide whether interest rates need to rise again. It is widely expected to increase the Official Cash Rate (OCR) by 0.25 percentage points, taking it to 3%, primarily because inflation remains higher than the central bank would like. Annual inflation eased from 4.1% to
Should the Reserve Bank care about your job as well as inflation? – Greg Smith
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