Newstalk ZB: Dr Eric Crampton on Reserve Bank printing too much money during COVID, driving inflation crisis
Dr Eric Crampton
30 September, 2025
Dr Eric Crampton talked to Ryan Bridge on Newstalk ZB about the Reserve Bank's recent self-review, which found the bank was too slow to raise interest rates after COVID-19.
He argued the Reserve Bank should have recognised earlier that it was dealing with a supply shock rather than a demand problem, noting that excessive money printing in response to COVID's economic disruption drove inflation to 7.3% and required painful interest rate hikes to bring it back under control. Listen below.