At Large with Toby Manhire: Is the Reserve Bank’s blunt tool just too blunt?

Since 1990 the Reserve Bank has been tasked with taming inflation independently from the government of the day. But is the tool it uses today, the official cash rate, with its focus on hitting an inflation rate of 1%-3%, causing more pain that it’s alleviating? Bernard Hickey joins Toby to make the case. Plus, in How Good, Liam Rātana on NZ Wars: Stories of Waerenga-a-Hika. Follow At Large with Toby Manhire now on ⁠⁠Spotify⁠⁠, ⁠⁠Apple Podcasts⁠⁠, ⁠⁠YouTube⁠⁠ or wherever you get your podcasts. Learn more about your ad choices. Visit megaphone.fm/adchoices