RB Governors always seem to act oddly when there’s a Labour Government
What happened to the RBNZ pro-growth experiment in the early 2000’s .....ended up in tears and a recession (and then we were hit with the GFC the following year)
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RB Governors always seem to act oddly when there’s a Labour Government
What happened to the RBNZ pro-growth experiment in the early 2000’s .....ended up in tears and a recession (and then we were hit with the GFC the following year)
John Roughan in the herald this morning discussed the committee, which highlighted how little I know about the reserve bank. It sounds like he also can't understand why the cut when targets are being met.
https://www.rbnz.govt.nz/news/2019/0...onomy-and-jobs
https://www.nzherald.co.nz/business/...ectid=12230142
For those with premium access. Sorry I know how frustrated I used to get with links to the NBR.
I can't crack the Herald's paywall but the need for an interest rate cut eludes a lot of us! It's got to be an attempt to boost that stubbornly low inflation rate - and risk the Auckland housing market recovering it's strength.
i think most commentators put it down to the securitization of sub prime mortgage lending.
I blamed Adrian for wanting to make his mark and that may still possibly be a factor but we are not really able to fully apportion blame on him due to the committee decision
Quite a few articles now in the NZHerald Premium questioning this decision. Seems very right to question it to me.
I believe the way to crack the paywall is to pay a measly $10 for the first eight weeks.
Criticism from a former RBNZ official of the bank's capital adequacy proposals.
http://www.sharechat.co.nz/article/7...-official.html
A critic of the RBNZ has his submission blocked as spam ...funny eh
https://croakingcassandra.com/2019/0...sals/#comments
A very interesting submission.
The anti-Australianism alleged in the submission became more pronounced after the turbulence of the 1980's which saw a succession of takeovers: the BNZ purchased/bailed out by the NAB, Trustbank bought by Westpac and, more recently ASB by the Commonwealth Bank and eventually NBNZ, previously British-owned, by ANZ. Prior to the 80's, the Australian influence was balanced by local and British interests but this is now no longer the case and it seems that the RBNZ feels that it is being directed by outside agencies.