So first he drove rates down to stop a recession and created inflation.
Now he is driving rates up to create a recession to get inflation under control.
Wonder how the Maoris feel about Woke Orr adopting their Maori ways to screw up the economy and the most vulnerable segments of the workforce and population.
https://www.stuff.co.nz/business/mon...o-save-economy
“If the Reserve Bank’s best solution to high inflation is to push 74,000 people into unemployment, it may be time for a new solution, one economist says.
“…. the most vulnerable parts of the community including low-income workers with weak employment security, and heavily indebted households, would bear the brunt of high interest rates while those who were better off benefitted from an increased return on their savings.”