ADRIAN ORR our NEW RBNZ GOVERNOR

[Aaron]

Grant Robertson is weak.

https://www.nzherald.co.nz/business/...P6CGHGDGYCHUI/
https://www.stuff.co.nz/business/300...decisionmaking

He is asking Adrian Orr to consider housing when making monetary policy decisions. How vague is that? It comes across as so lame and gutless it is infuriating.

How about getting rid of targeted inflation, that is something more concrete.

Or possibly talk to stats nz or whoever compiles the CPI. The figures I have are out of date but purchasing a home comprises 5.42% of that index, rent 9.12%, Alcoholic beverages & tobacco 7% Recreation & Culture 9.51%. If your house or rent is 50% or more of your weekly budget perhaps it deserves a much higher weighting in the CPI than alcohol. That would give Adrian a challenge with his inflation target if house costs and rents made up 50% of the basket of goods.

I would expect such a weak response from a National government but it is disappointing coming from labour.