At Large with Toby Manhire
Is the Reserve Bank’s blunt tool just too blunt? With Bernard Hickey
Toby Manhire speaks to Bernard Hickey about the Reserve Bank’s inflation target and the case to reform monetary policy, and Liam Rātana about the latest chapter in RNZ’s NZ Wars series.
15 Jul 2026
More about the episode
Since 1990 the Reserve Bank has been tasked with taming inflation independently from the government of the day. But is the tool it uses today, the official cash rate, with its focus on hitting an inflation rate of 1%-3%, causing more pain that it’s alleviating? Bernard Hickey joins Toby to make the case. Plus, in How Good, Liam Rātana on NZ Wars: Stories of Waerenga-a-Hika. At Large with Toby Manhire is produced by Te Aihe Butler, Jin Fellet and The Spinoff. Read more at thespinoff.co.nz.
