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Reserve Bank leaves official cash rate at 5.5%
(www.rnz.co.nz)
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Fun fact. Modern inflation rate targeting monetary policy was invented in NZ by Don Brash (and others). It has since become economic gospel for most western banking systems. https://www.nytimes.com/2014/12/21/upshot/of-kiwis-and-currencies-how-a-2-inflation-target-became-global-economic-gospel.html
That's a really interesting read, thanks for sharing!