New Zealand Central Bank Says Mild Recession 'Bare Minimum' to Tame Inflation

The transcript discusses the central bank's monetary policy, focusing on interest rate changes, inflation risks, and economic projections. It highlights the challenges of managing inflation and growth, the impact of currency fluctuations, and the potential for recession. The central bank emphasizes the importance of medium-term planning and the lessons learned from recent economic events.

What does the speaker indicate about the balance of risks regarding inflation?

How does the speaker view the current state of the New Zealand dollar in relation to inflation risks?

What is the significance of the upcoming election mentioned in the context of fiscal policy?

What lessons does the speaker suggest central banks should learn from recent economic events?