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Post by Kiwi Frontline on Sept 22, 2021 4:06:29 GMT 12
RESERVE BANK INVOKES THE HERON TO EXPLAIN THINKING ON INTEREST RATESWhile central banks were often described as being ‘hawkish’ or ‘dovish’, it was the kōtuku (white heron) that provided “a more fitting metaphor” for their monetary policies, he said. “The saying ‘he kōtuku rerenga tahi’ loosely translates to ‘a white heron's flight is seen but once’. It expresses an idea that ‘once ready, open your wings and commit to flight’”, he said. But herons were also known for taking “considered steps” as they assessed the environment around them – the source of the saying ‘tapuwae kōtuku’, Hawkesby said..... www.stuff.co.nz/business/126443190/reserve-bank-invokes-the-heron-to-explain-thinking-on-interest-rates
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