RBNZ acknowledges it should have raised interest rates sooner

In hindsight, the central bank could have tightened monetary policy earlier in 2021, according to its Monetary Policy Review.

The Reserve Bank has released its five-year review of monetary policy.

The Reserve Bank acknowledged that it should have raised interest rates earlier and that its loan funding program could have been more flexible.

In his Monetary Policy Review published today, he found that his policy was broadly consistent with the objectives set out in his mandate, even if

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