Is keenly illustrated here:
Asked about overseas investment funds profiteering during a period of economic uncertainty, she said: ‘I see some of them looking for returns of 20 or 25 per cent, at a time when fellatio is almost non-existent.’
Then again, everyone is saying there is too little inflation at the moment – so surely a bit of confusion won’t hurt anyone. Another issue for the Reserve Bank to include in its mandate perhaps?
5 comments
Eric Crampton
September 28, 2010 at 10:13 am (UTC 12)
I think RBNZ would need something other than interest rates to affect that target.
Matt Nolan
September 28, 2010 at 10:15 am (UTC 12)
@Eric Crampton
It is an indirect tool to be sure.
I suspect we need a working group to discuss possible alternative instruments they could use to help reach this target without undue pressure on interest rates and the exchange rate.
Miguel Sanchez
September 28, 2010 at 8:41 pm (UTC 12)
Non-existent fellatio… a sure sign that the withdrawal of stimulus was premature.
Matt Nolan
September 29, 2010 at 8:40 am (UTC 12)
@Miguel Sanchez
Very good
Miguel Sanchez
September 30, 2010 at 1:51 pm (UTC 12)
Ah, so she knew the difference and just misspoke. So you could say it was merely a slip of the tongue? That it just popped out of her mouth? That she just wasn’t using her head?
Thanks folks, I’ll be here all week.