The New Zealand dollar jumped again last week after dairy prices rose, delivering bad news for the Reserve Bank as far as its policy objectives are concerned. With special feature audio.
Dead Parrot monetary policy: If the Mr Wheeler hadn't nailed inflation targeting to the perch, it would be pushing up daisies. With special feature audio.
"Just as a captain of a sailing ship, even if Wheeler has the right policy tools, he can only react to the tides and the wind"