Home / Business / Economy / InflationUpdatedJenée TibshraenyWellington Business Editor·NZ Herald·22 Sep, 2026 12:00 AM3 mins to readNZ Herald Live: Finance minister Nicola Willis speaks to media.An independent review of the way the Reserve Bank set monetary policy during the Covid-19 pandemic has confirmed what has been widely acknowledged – that the central bank overcooked its response to the crisis. This caused inflation to soar and forced the Reserve Bank to aggressively hike interest rates, impeding AdvertisementAdvertise with NZME.
Independent reviewers release verdict on Covid-era monetary policymaking, saying vulnerabilities in system still exist
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