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Speaker 1: Well, was this the final nail in the your coffin?

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Speaker 1: I mean, can we add Hawksby and the entire Monetary

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Speaker 1: Policy Committee? After all? Easy to blame a governor, but

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Speaker 1: it's the committee that votes on what to do with

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Speaker 1: the cash rate. And after the famed Q two finished,

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Speaker 1: remember April, May and June, we came to the next

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Speaker 1: committee decision in July. Or's gone, Hawksby's up and they've

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Speaker 1: just witnessed the previous three months and what do they do? Nothing?

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Speaker 1: No change? They held why are because they felt things

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Speaker 1: were in hand? They also said the economy would contract

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Speaker 1: zero point three percent. Yesterday came the proof that it's

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Speaker 1: hard when you're actually paid as a so called expert

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Speaker 1: to get it more wrong than they have. We all

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Speaker 1: felt it, we all knew it, and true most of

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Speaker 1: us would not have been able to put a number

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Speaker 1: round it like the banks have, but then again, most

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Speaker 1: of us don't have the data they've got access to.

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Speaker 1: But what we all knew was it was bad. It

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Speaker 1: was tight, it was ugly, it wasn't going in the

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Speaker 1: right direction. But the gap between zero point three and

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Speaker 1: zero point nine is inexcusable the same way it's inexcusable

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Speaker 1: to stand there in July and tell us more stimulus

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Speaker 1: wasn't needed. At some point somewhere, one's got to be

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Speaker 1: held to account. Yes, Or is gone, but only because

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Speaker 1: he packed us sad. Yes, Quigley's gone, but only because

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Speaker 1: he got found out. No one has actually been held

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Speaker 1: to account for spectacular failure to do the job. Why

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Speaker 1: are the Minetary Policy Committee members still in work? How

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Speaker 1: many of them are there because of their so called

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Speaker 1: expertise versus being appointed for the so called right reasons.

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Speaker 1: Results count, facts matter. And here's the issue for the government.

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Speaker 1: As the poll showed us this week. A lot of

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Speaker 1: New Zealanders blame this government for the economy, but they've

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Speaker 1: been let down in no small part by the Reserve Bank.

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Speaker 1: And when the Prime Minister the other week on this

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Speaker 1: program fired off a little bit of advice, all the

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Speaker 1: point heads started writing op eds whining about independence. Independence

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Speaker 1: is fine, but not of year useless. For more from

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Speaker 1: the Mic Asking Breakfast, listen live to news talks. It'd

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Speaker 1: be from six am weekdays, or follow the podcast on iHeartRadio.