Follow the lure: Hike OCR and people will save
Adrian Orr can be expected to remain committed to his world view but it isn’t one the rest of us need subscribe to.
The Reserve Bank governor gave a speech recently at the Pullman. Thankfully I wasn’t there to endure it but the transcript was brought to my attention.
Capitalism is necessary, declared Mr Orr, but it is not perfect. Markets can and do fail, he told the Financial Services Council.
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Follow the lure: Hike OCR and people will save
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