Reserve Bank governor Adrian Orr's latest appearance before Parliament's finance and expenditure committee (FEC) was a notably more civil affair than previous outings, particularly in how he handled questions from National's finances spokesperson Nicola Willis.
Thank you Jenny for an excellent summary. It is most unfortunate for New Zealand that the Reserve Bank has failed to perform its role adequately and it is sadly ironic that the Governor does not recognize this despite the fact that it is obvious to everyone else. So we have a rate of inflation much higher than is justified or targeted with all the negative connotations that carries for the economy. It is a most unfortunate nexus and the opposition parties are right to criticize that.
Thank you Jenny for an excellent summary. It is most unfortunate for New Zealand that the Reserve Bank has failed to perform its role adequately and it is sadly ironic that the Governor does not recognize this despite the fact that it is obvious to everyone else. So we have a rate of inflation much higher than is justified or targeted with all the negative connotations that carries for the economy. It is a most unfortunate nexus and the opposition parties are right to criticize that.