Reserve Bank made mistakes which led to out of control inflation
26 July, 2022
The New Zealand Initiative has denounced the Reserve Bank, and other central banks for making what it says are serious mistakes which led to inflation getting out of control.
The paper, released this morning, says central banks were too confident in their abilities, their policies, and their assumptions, and forgot what their core jobs were.
Co-author Bryce Wilkinson spoke to Corin Dann.