The difficult job of forecasting, according to RBNZ
National’s Nicola Willis frustrated at inaccuracy of RBNZ forecasts and why inflation remains sticky.
Adrian Orr appeared at the Finance and Expenditure select committee today.
The Reserve Bank has again come under question about its failure to accurately forecast the path of inflation, when appearing at the Finance and Expenditure select committee this morning.
Yesterday, the central bank delivered what was widely expected and kept the official cash rate steady at 5.5%,
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