ADRIAN ORR our NEW RBNZ GOVERNOR

[Aaron]

Behind the pay wall but I think she is mistaken if she thinks it is the left that have a low interest rate fantasy. In NZ at least slightly left or right of centre, National or Labour they must well know that low interest rates are making inequality worse. The problem is that boomers and home owners also know this and love it and they vote so no one wants to take away the punchbowl. The central bank is supposedly independent of the politicians so voter sentiment should not be affecting them.

https://www.nzherald.co.nz/business/...LWTK63FT7CVW4/

Skimming through the RBNZ annual report yesterday I picked up lots of references to leadership. A spineless jellyfish like Adrian has only ever dropped interest rates and he has thrown in LSAP as well so it makes me laugh to hear him talk about leadership while the next generation is shut out of home ownership.

OK Adrian we understand, asset price rises are not part of your mandate even if you are responsible for driving them up.