A leading economist is warning Kiwis will continue to see inflation rise after a recent slump in the New Zealand dollar.
The NZ dollar has fallen to its lowest rate against the US since 2020 meaning the cost of imported goods is going to increase and is likely to lead to interest rates rising even higher as well.
The NZ dollar is suffering because the US dollar is being pushed up by the US Federal Reserve and Britain's new mini-budget which promises to cut taxes but increase borrowing.
New Zealand ports are likely to take the biggest hit, with the price of importing and exporting expected to spike in the coming months.
Infometrics principal economist Brad Olsen warned the Official Cash Rate could reach 4.5 percent - up from the current three percent.
Watch the full interview with Brad Olsen above.
