The Reserve Bank Governor admits the central bank's 'not in a great place'
The Reserve Bank Governor admits the central bank's 'not in a great place'
19 April 2022
Adrian Orr has addressed concerns about rising inflation and the house price bubble in a presentation to the International Monetary Fund. He stopped short of conceding to criticism from some quarters that central banks applied too much stimulus in response to Covid -- as inflation surges.
Instead, he puts it down to persistent supply constraints -- and the Russian invasion of Ukraine.
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