Reserve Bank tightens monetary policy to rein in rising inflation
David Seymour says the RBNZ is responsible for a "giant failing" when it comes to monetary policy.
The Reserve Bank has increased the official cash rate from 0.75% to 1% and will start reducing its bond holdings through both bond maturities and managed sales.
Its monetary policy committee agreed that the bank should continue reducing monetary stimulus to help bring inflation down, which is
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