Originally Posted by
stoploss
He overshot it on the downside with .25 % OCR and was too timid to raise rates both fast enough and agressively to stop inflation.
It's no surprise he is overdoing it on the topside as well. They are not helped by using data that's 3 months out of date for their decisions .
They are always looking in the rear view mirror, when he should have daily data ( The banks have the EFTpos spend by the minute ) can't be that hard in an electronic age ....
So just like any commodity , or market in Boom or bust it overshoots and undershoots , the Governor is doing the same .....