Photo: AFP
Rebecca looks at the OECD's new global economic outlook which says central banks shouldn't be distracted by weaknesses in banking and financial systems or economic recovery, and monetary policy needs to remain restrictive until there are clear signs that underlying inflationary pressures are lowered durably.
Also, the Reserve Bank hiking rates, with Governor Adrian Orr pointing out, there are other options to cool inflation that don't involve NZ's central bank hammering the populace with high interest pain.
Rebecca Stevenson is a senior writer at interest.co.nz
