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Batman

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#302261 11-Nov-2022 07:24
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https://www.nzherald.co.nz/business/reserve-banks-71b-of-money-printing-equivalent-to-90-point-ocr-cut/QFON7VBJQCIXZL4SEWRR6WZMCM/

 

Reserve Bank’s $71b of money printing equivalent to 90-point OCR cut

 

not sure what that means for lay people just thought the headline was a rather large sum


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  #2994701 11-Nov-2022 13:19
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mudguard:

 

So pick a number. If the amount was half that, would we still be running at current inflation levels, or would it be halved as well? Seemingly governments all around the world all printed various amounts and as far as I can tell NZ still has one of the lower levels of inflation?

 

 

Ha ha, I think you're missing the tone of the thread.  People aren't happy and they want to blame someone. That just happens to be Adrain Orr and/or Jacinda Ardern.  The fact that this has happened all over the world, and as you point out, is much worse than NZ in many countries, is completely lost on most people here.

 

Liz Truss anyone?


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