There is a feeling around the country that our monetary policy is a mess.
And a new report by the NZ Initiative is putting all the blame on the Government.
The report highlights the Government’s role in distracting the RBNZ from maintaining price stability, with money remaining too loose for too long as a result of wrong inflation forecasts from banks.
Along with the Governments prioritisations of achieving low employment over the risk of inflation breaking out.
Senior fellow at the NZ Initiative and author of the report Dr Bryce Wilkinson joined Mike Hosking.
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