However, we judged that the best course of action was to leave our policy rate at 1 per cent to avoid exacerbating financial vulnerabilities in the household sector, while still returning inflation to target over a reasonable time horizon. There is still debate about how best to integrate financial stability considerations into monetary policy.
BIS Review 79/1999  8  ANNUAL INFLATION RATES: NEW ZEALAND AND SELECTED OECD COUNTRIES (Sources: Statistics New Zealand and International Financial Statistics, RBNZ calculation)  Note also that our current inflation performance is not, in any sense, extremist by international standards. Rather, it sits at or about the OECD average. However, an assessment that stopped at inflation performance alone would be simplistic.