Mark Smith: ASB Senior Economist on the findings of the review of the Reserve Bank's monetary policy during Covid
The Reserve Bank took too long to pull back on drastic Covid measures.
An independent probe's found the Monetary Policy Committee made the right call by slashing the OCR early in the pandemic, reducing the risk of a severe downturn.
But it didn't respond quickly enough to our recovery, leading to the spike in inflation.
ASB Senior Economist Mark Smith joined Ryan Bridge to unpack the findings.
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