Why Adrian Orr Isn't Putting His Foot on the Accelerator

Adrian Orr is redlining this economy, you need to slow down. And that's what he's been doing for the last 18 months or so. The trouble was, in retrospect, he did it too much. There was just too much speed and heat pumped into our economy. That's why we've got inflation now of 7%. He's not alone. Pretty much every other central bank in the world did exactly the same. But he did it in New Zealand for the first time. This is a bit like strapping a rocket back in the car and also plucking in a turbo charger. Really get cracking.