Former Reserve Bank Governor says central bank may have added to global inflation
26 July, 2022
It’s not so much Russia or COVID that caused inflation but central banks and the extraordinary stimulus they helped create.
That’s according to a former Reserve Bank Governor who’s co-authored an excoriating review of the role Central Banks played in our current inflationary crisis.
Graeme Wheeler was governor from 2012 to 2017 and alongside the NZ Initiative’s Bryce Wilkinson, he’s called out central banks, including our reserve bank, for getting too cocky, not sticking to their knitting and mismanaging monetary policy.