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Hot Topic EARNINGS
Hot Topic EARNINGS
3 mins to read

Bollard’s double leap of faith

Yesterday's monetary policy statement from the Reserve Bank contained a double leap of faith.Leap one is that inflation is relatively contained. True, the Reserve Bank governor denied he and his team are relaxed about the inflation outlook. “We

Rob Hosking
Fri, 10 Dec 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

Yesterday’s monetary policy statement from the Reserve Bank contained a double leap of faith.

Leap one is that inflation is relatively contained. True, the Reserve Bank governor denied he and his team are relaxed about the inflation outlook. 

“We’re a Reserve Bank, we’re never relaxed about anything

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Rob Hosking
Fri, 10 Dec 2010
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.

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