Since the GFC, the RBNZ Has Also Been Slow to Raise

question 12

Essay

Since the GFC, the RBNZ has also been slow to raise its interest rates, even though the medium inflation in the 2010-2011 year was over 5 %. Why, in the light of this, may the Bank chosen to have avoided the automatic adjustment of the cash rate?

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Definitions:

Albums

Collections of music tracks or photos grouped together under a specific theme or category, organized for ease of access and management.

Built-In Search Feature

A built-in search feature is an integrated tool within software or websites that allows users to type queries to find specific information or items quickly.

Groove Music

A digital music streaming service and app by Microsoft, offering music playback and organization, before being discontinued and replaced by other services.

Playlist

A collection of audio or video files played sequentially or in a specified order, commonly used in media players and streaming applications.