Perspective with Heather du Plessis-Allan: We need to talk about how the Reserve Bank stuffed up

The SME Stream · Sep 30, 2025 · 1m

Now, we need to talk about the Reserve Bank's excuses for how it completely stuffed up its job and let inflation get away on it during Covid.

We spoke about this on the show yesterday, it's done the review and it says, quote, - "in hindsight, an earlier and more aggressive tightening might have reduced inflation sooner."

Yeah. Really, Sherlock?

But this would have been difficult given the data available at the time.

Now, basically what they're saying is: yeah, we could have done better if we could see what was happening at the time, but we couldn't see what was happening at the time.

Which is…