When the Facts Change
New Zealand’s greatest invention: a monetary policy framework?
RBNZ chief economist Paul Conway returns to When the Facts Change to chew the monetary policy fat, including a look at quantitative easing, the state of inflation and the RBNZ’s relationship with the government.
21 Mar 2025
More about the episode
Bernard Hickey chews the monetary policy fat with returning guest Reserve Bank chief economist Paul Conway. Was inflation targeting (a policy framework first introduced in Aotearoa 35 years ago) actually our greatest invention? Was quantitative easing a success? Is inflation different now? And should Reserve Banks and Governments work more in tandem, rather than against each other? Listen in to find out.
