NZ Central Bank Review Misses Key Tool Used Elsewhere

A recently released review of the Reserve Bank of New Zealand's (RBNZ) response to the COVID-19 pandemic has been met with criticism for missing an important tool used by other countries. The independent review, commissioned by the government, found that it took a full year for policy to adjust to the reality that initial economic stimulus had already achieved its intended result.

Raf Manji pointed out that despite the thorough review, it still overlooked a key monetary policy tool used elsewhere. The exact nature of this tool is not specified in the source material provided.