Ex-RBNZ head hits back at inflation-targeting critics


The governor of the Reserve Bank of New Zealand during the introduction of its inflation-targeting framework has hit back at suggestions that the policy should be scrapped.

Writing for CentralBanking.com, Don Brash, the governor of the Reserve Bank from 1988 to 2002, rebutted criticisms made by the likes of Nobel Laureate Joseph Stiglitz and New Zealand's opposition party.

The New Zealand Labour Party last month attacked the Reserve Bank's focus on inflation targeting and said it would withdraw

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