The Reserve Bank has recently published a report about the last five financial years, in order to review the decisions they've made.
They've acknowledged these last five years have presented a unique challenge due to the pandemic, and said their Covid-19 response was both consistent with the data they had and avoided any worst case financial scenarios.
The Reserve Bank has also acknowledged in the report that they could have tightened monetary policy in order to “lessen inflation at the margins”.
Barry Soper, ZB's political editor explained further, and pointed out that it seemed convenient for them to share this report as the Adrian Orr fiasco unfolds and opposition parties call for an independent inquiry.
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