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Now Playing: NZI Business: Grumpy recovery says economist ()
Source: NZI Business
A sharp spike in the unemployment rate has some commentators reassessing when the Reserve Bank governor will pause his cycle of interest rate hikes. The Chief Economist of ANZ National, Cameron Bagrie, shares his view on what is going on.
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Now Playing: Ganesh Nana with his take on the state of the economy (04:58|) (4:58)
Source: Breakfast
Latest figures show a spike in unemployment figures, the NZ dollar is down, business confidence is down, but the Reserve Bank is indicating it will push the official cash rate up again in September. BERL economist Ganesh Nana gives Breakfast his perspective on the state of the economy
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