Professor Robert MacCulloch: NZ's Monty Python Reserve Bank Governor promised to "engineer a recession" to kill inflation.

NZ's Monty Python Reserve Bank Governor promised to "engineer a recession" to kill inflation. Turns out he engineered three. Apologies for wrecking lives & livelihoods in the process.

There is carnage on the high street with huge numbers of retailers and restaurants closing. Many in business are doing it tough right now. New Zealanders up and down the country are struggling with high interest rates on their mortgages. How did it all come to this?