Here is the article that prompted the terse comeback from RBNZ Governor Orr
The comments on Reserve Bank of New Zealand independence from Governor Orr are here earlier:
Here is the link to the article written by Business NZ chief executive Kirk Hope that orr responded to:
- By advocating policies outside of monetary policy, the Reserve Bank risks creating the impression that the boundaries between Reserve Bank policy and Government policy are indistinct.
- Business confidence would be better supported if the Reserve Bank focused on a conservative, principles-based, no-surprises approach to monetary policy.
Yowza!
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