Reserve Bank of New Zealand Governor Orr speaking at an NZ university event, his topic is "The Future of Monetary Policy"
Although on the RBNZ website its listed as: Some Policy Lessons from a Year of COVID-19
Here is the link to the Bank for a summary and plenty more
On that headline comment, Orr is correct. Overshooting is all well and good but by not specifying 'how far' they are ready to overshoot the CBs are placing their transparency at risk, something they have been promoting for years now. Perhaps less transparency from a CB is not too bad a thing at all though?
