Comparisons with New Zealand’s interest rates; Warwick McKibbin on the RBA and targeting inflation and Russia’s economy

New Zealand is not only two hours ahead of the east cost of Australia, it's also seven months ahead of us when it comes to increasing interest rates. Can we learn anything from their experience? ANZ economist Madeline Dunk talks about the Demand across the ditch report. Meanwhile economist and former RBA board member Warwick McKibbin discusses the RBA's pursuit of its inflation target and whether there's a better way? And the Russian economy. Some commentators say sanctions and the exit of global businesses has not had the desired effect. Yale University's Steven Tian uses comprehensive data to argue it's having a devasting effect.