{"id":505659,"date":"2026-05-27T19:42:14","date_gmt":"2026-05-27T19:42:14","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/505659\/"},"modified":"2026-05-27T19:42:14","modified_gmt":"2026-05-27T19:42:14","slug":"reserve-bank-dissenter-says-raising-interest-rates-a-little-now-could-have-averted-greater-pain-in-july","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/505659\/","title":{"rendered":"Reserve Bank dissenter says raising interest rates a little now could have averted greater pain in July"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Carl Hansen says he grew up on a small farm; he put himself through university before getting a job at the Reserve Bank when inflation was in double digits. That experience, he says, made this week\u2019s rates decision very real. He believes the bank should have hiked interest rates.<\/p>\n<p class=\"wp-block-paragraph\">He\u2019s given a groundbreaking interview to Newsroom, after leading an unsuccessful drive from the three external members of the Reserve Bank monetary policy committee to raise rates, in their vote on Wednesday. With the three Reserve Bank officials and the three external members evenly split, Governor Dr Anna Breman used her casting vote to hold the official cash rate at 2.25 percent.<\/p>\n<p>\t\tSubscribe to continue reading<\/p>\n<p class=\"has-text-align-center newspack-sign-in wp-block-paragraph\" style=\"font-size:13px\">Already have an account? <a href=\"#signin_modal\">Sign In<\/a>.<\/p>\n<p>\nLimited time offer<\/p>\n<p>Newsroom Pro $199 for 12 months<\/p>\n<p>Save $91 on the usual annual price\n<\/p>\n<ul style=\"font-size:15px\" class=\"wp-block-list newspack-feature-list\">\n<li>Unlimited access to Newsroom Pro articles<\/li>\n<li>Bonus subscription for a friend or family member<\/li>\n<li>Exclusive subscriber-only emails <\/li>\n<li>Access to post and read comments on articles<\/li>\n<li>Daily email of news and insights curated by Newsroom Pro editorial team<\/li>\n<\/ul>\n<p class=\"has-text-align-center has-small-font-size wp-block-paragraph\"><a href=\"https:\/\/newsroom.co.nz\/newsroom-pro-subscription\/\" rel=\"nofollow noopener\" target=\"_blank\">Looking for a regular or business subscription?  View subscription options<\/a><\/p>\n<p>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/newsroom.co.nz\/author\/jonathan-milne\/\" rel=\"author nofollow noopener\" target=\"_blank\"><br \/>\n\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" alt=\"Avatar photo\" src=\"https:\/\/www.europesays.com\/ie\/wp-content\/uploads\/2026\/05\/pkx3fSKc0qqKJEZWs3l7-120x120.png\"  class=\"avatar avatar-120 photo\" height=\"120\" width=\"120\"\/>\t\t\t\t\t\t\t\t\t\t\t<\/a><\/p>\n<p>\n\t\t\t\t\t\t\tNewsroom Pro managing editor Jonathan Milne writes on economics, infrastructure, business and politics, and pens the 8 Things subscriber newsletter. He was named NZ Business Journalist of the Year for&#8230;\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"author-link\" href=\"https:\/\/newsroom.co.nz\/author\/jonathan-milne\/\" rel=\"author nofollow noopener\" target=\"_blank\"><br \/>\n\t\t\t\t\t\t\t\tMore by Jonathan Milne\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/p>\n","protected":false},"excerpt":{"rendered":"Carl Hansen says he grew up on a small farm; he put himself through university before getting a&hellip;\n","protected":false},"author":2,"featured_media":505660,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[174],"tags":[79,179,18,3428,19,17,5,42366,1560],"class_list":["post-505659","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-eire","tag-government","tag-ie","tag-ireland","tag-news","tag-newsroom-pro","tag-premium"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/116648251083435980","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/505659","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=505659"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/505659\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/505660"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=505659"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=505659"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=505659"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}