Dr Anna Breman had lent her support to under-fire US Federal Reserve counterpart Jerome Powell.
With hindsight, central bank could have tightened monetary policy earlier in 2021, its monetary policy review found.
Business survey shows OCR predicted to rise by, on average, 65 basis points this quarter.
The Finance Minister said he had full confidence in the Reserve Bank governor.
The RBNZ says a reduction in household spending could have negative flow-on effects for businesses.
The chorus sings louder for a 75bp OCR hike this month.
The rate of unemployment remains at 3.3% in September quarter, while wages increase.
The Reserve Bank warns the number of house owners in negative equity will continue to grow as house prices fall.
Governor PhiIip Lowe says RBA "resolute" in bringing down hot inflation.
RBNZ stress test shows retail banks would be okay in a high inflation/negative GDP environment.