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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The Answer of 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?

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