Reserve Bank needs to check its facts

Reserve Bank needs to check its facts
Chief economist Paul Conway failed to check his facts. (Image: BusinessDesk)
Jenny Ruth
Yeah, let’s have a bit of biffo, particularly when the targets are as unsympathetic as the banks!What’s the downside for a politician of any stripe, I wondered, as the National party piled on. I couldn’t think of any downside, politics-wise.After all, profit has long been a dirty word among an alarmingly large segment of New Zealand’s population, particularly when it’s corporate fat cats making said profit.And, as the old joke goes, don’t let the facts get in the way of a good story. There are quite a few inc...

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