RBNZ's Bollard on an independent monetary policy

In the speech 'Can NZ expect to carry out independent monetary policy?' given on 13 July Alan Bollard of the RBNZ said New Zealand can still carry out its own independent monetary policy effectively, even though it has had to work against strong global crosswinds that can delay its impact.

"We have control of our ship," Dr Bollard said in a speech to the Association of Superannuation Funds in Auckland.

Dr Bollard said even if the local economy and monetary policy was out of sync with influential

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