Nicola Willis: Finance Minister on the independent review into the Reserve Bank's performance during Covid

The Finance Minister believes the report on the Reserve Bank's performance during Covid affirms decisions made by the current Government.  An external review of Bank's Covid monetary policy during the pandemic finds it was right to cut the OCR early but was slow to react when the economy bounced back sooner than expected.  Nicola Willis told Mike Hosking the results show the importance of the guardrails they implemented – having a single inflation-busting mandate and the change to voting to create more accountability.  She believes the report matters as it also shows the Reserve Bank can keep getting better as long as it has an attitude of ongoing improvement. LISTEN ABOVE See omnystudio.com/listener for privacy information.