RBNZ acknowledges it should’ve raised interest rates sooner
With hindsight, central bank could have tightened monetary policy earlier in 2021, its monetary policy review found.
The Reserve Bank has released its five-yearly review of monetary policy.
The Reserve Bank has acknowledged it should have raised interest rates sooner and that its funding for lending programme could have been more flexible.
In its Monetary Policy Review released today it found that overall, its policy was consistent with the objectives set out in its remit, even though
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