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03 Jul 2008
Time to rethink inflation targeting as the sole focus of the RB
Dr Ganesh Nana
BERL's ongoing case against inflation targeting as the sole legislated mandate of the Reserve Bank (RB) is gaining traction. Trevor Mallard signalled today that there may be a change in the way that the RB fights inflation as noted in a Dominion Post article. The first chink we have seen in the policy targets agreement's titanium-plated armor. For a lay-persons overview of BERLs case, the Otago Daily Times has run an opinion piece outlining Dr Ganesh Nana's thoughts on the current interest-rate policy.
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