National's Economic Policies Lead to Higher Mortgage Costs

New Zealand families are facing higher mortgage costs after the Reserve Bank's decision to lift the Official Cash Rate. The move is the result of National's economic policies, which have led to inflation above four percent and a significant increase in unemployment.

Labour finance spokesperson Barbara Edmonds criticized National leader Christopher Luxon for his handling of the economy. She pointed out that he had claimed credit when interest rates were falling but was now blaming others for the current situation.

The Reserve Bank expects inflation to remain above target until 2027, and real wages are expected to continue declining during this period. Edmonds emphasized that Labour's priority is making New Zealand more affordable, allowing people to secure good jobs, earn better pay, and build a future here.