I concur with Blair Mulholland.
But the question I have is this: if Bollard was such a bold central banker (considering that bold central bankers are about as common as women in the All Blacks) why did he stuff around with 25 point rises for two years when inflation was rampant and the property market was out of control?
Answer: because he is a drab, conservative central banker.
Tonight on the ABC: serious science.
50 minutes ago