World · 4 hours ago
New Zealand's Reserve Bank kept interest rates too low, causing high inflation
A review has found New Zealand's Reserve Bank kept interest rates at record lows too long during the pandemic, causing high inflation. The economy "overheated to an historically extreme degree" between 2020 and 2021, according to the report's authors. The low interest rates also set off a period of rapid economic growth followed by decline, which continues to impact the nation.
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