Will raising interest rates make inflation worse? The OCR won’t fix an oil shock. Central banks, including the RBNZ, can create too much currency and crush demand, but they can’t print oil. When energy prices jump and stay high, raising rates mostly hits mortgage holders and businesses who use debt to grow - is it really wise to squeeze the part of the economy responsible for growth?

In this conversation I talk with Christoph Schumacher, Professor of Economics and Innovation at Massey University, co-creator of GDPLive, and author of 'Sitting on the shoulders of giants'.

Book in a free 15-min phone call with Darcy Ungaro (financial adviser).

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Disclaimer: Please act independently from any content provided in these episodes; it's not financial advice, because there's no accounting for your individual circumstances, and nothing we say is intended as a recommendation. Do your own research, and take a broad range of opinions into account. Ideally, engage a financial adviser / pay for advice!