The Reserve Bank's conceded earlier or more aggressive OCR hikes, may have reduced inflation sooner
The Reserve Bank's conceded earlier or more aggressive OCR hikes, may have reduced inflation sooner
30 September 2025
It's been reviewing its response to the recent three-year period of high inflation.
Chief Economist Paul Conway says the central bank was also required to maintain maximum sustainable employment.
It had limited data and less accurate forecasts due to Covid uncertainty.
Conway says there was also "room for improvement" in how it communicated the forward track of the OCR.
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