Some people still think RBNZ jumped the gun

The Reserve Bank wants to keep inflation from capsizing the economy. (Image: Getty)

Thu, 21 Oct 2021

I picture the current state of the economy as a boat on which all the passengers have rushed to one side of the boat and the weight of bodies is threatening to capsize it.And it isn't just New Zealand's economic boat; the same thing is happening globally.Because of the covid pandemic, we're all spending a lot less on services, everything from travel to hairdressers, and instead of buying goods on an unprecedented scale.The global supply chain first suffered a sudden drop in demand as the world began to shut down early last year and...

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