Higher mortgage rates have given the Reserve Bank a 'bit of breathing space', its chief economist says.

Paul Conway, one of the Reserve Bank committee members who voted to keep the OCR on hold last week, said the market is doing some of the work for the central bank.

NZ Herald Wellington business editor Jenee Tibshraeny explained further.

LISTEN ABOVE

See omnystudio.com/listener for privacy information.

Podden och tillhörande omslagsbild på den här sidan tillhör Newstalk ZB. Innehållet i podden är skapat av Newstalk ZB och inte av, eller tillsammans med, Poddtoppen.