A survey of economics bloggers has revealed a strong sense of dissatisfaction with the recent performance of the EZFKA Reverse Bank during the recent coronavirus pandemic, which almost proved to be an extinction-level event, mitigated only by the speedy development of safe and effective vaccines. and boosters. and boosters the boosters.
The bloggers agreed that the Reverse Bank had held rates too high for too long, which was proven by recent academic research.
Davo said “the Reverse Bank was truly crazy with their hawkish interest rate policy. In addition to keeping rates at the excessively high record-lows prior to the pandemic, they proceeded to add insult to injury by refusing to push rates below zero during the pandemic.” Davo also credited the Bank’s lascklustre performance with keeping the AUD:USD exchange rate a critical 0.03 cents higher than required, which strangled the nascent export-manufacturing recovery. “In my opinion they contributed significantly to killing grandma”, he concluded
Fellow blogger Jonno echoed Davo’s comments and also added that he strongly supported the mooted shake-up of the RBEZFKA’s board. “We really need to make sure that propadee is represented more prominently on the board”. He argued that such a structural change would ensure that rates would not rise to “loony” levels such as 3% ever again.