Mike Hosking reviews Eric Crampton's Newsroom article on central bank independence. In the article Eric says Central banks have a very big and important job. Read more
Heather Du Plessis Allan, Newstalk ZB and Hamish Rutherford The Herald's Wellington business Editor discuss The New Zealand Initiative Report Climate of Fear: How the Reserve Bank is overstepping its mandate by Matt Burgess.
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Bryce Wilkinson discusses his report "Walking the path to the next global financial crisis" with Lloyd Burr on Magic Talk. He talks about the implications for New Zealand. Read more
Matt Burgess joins Oliver Hartwich to discuss his latest research note, Climate of fear: How the Reserve Bank is overstepping its mandate. Matt’s research documents serious breaches of the RBNZ's responsibilities as regulator of the financial system, including one instance of misconduct. Read more
The world’s major economies are walking into the next global financial crisis. Moreover, their authorities do not seem willing to change direction. Read more
Wellington (Tuesday, 9 November 2021) The Reserve Bank of New Zealand (RBNZ) has no legal or democratic mandate for climate change, says a new report from think tank The New Zealand Initiative. Climate of fear: How the Reserve Bank is overstepping its mandate documents serious breaches of the RBNZ's responsibilities as regulator of the financial system, including one instance of misconduct. Read more
On 26 October 2021, the Reserve Bank released Climate Changed 2021 And Beyond. The report, timed to coincide with the COP26 climate change summit in Glasgow, showcases the Reserve Bank’s efforts to reduce its greenhouse gas emissions and new climate change disclosure rules for banks. Read more
We are going to miss central bank independence when it is gone. It was hard-fought. Read more
Both the global financial crisis (GFC) of 2007-2008 and the Covid-19 pandemic caused disruptions to the world economy. During the GFC, stock markets plummeted, and millions of people became unemployed. Read more
Earlier this week, epidemiologist and media personality Professor Michael Baker was reported saying, "It's hard to imagine any justification for lowering the alert level in Auckland." In case readers in Auckland think they have misread that, Baker didn't say, "It's a tight call, but on balance… ." The Professor said it's "hard to imagine any justification." Forget the hospitality businesses going to the wall. Or the hairdressers, beauticians and gym-owners defaulting on their mortgages. Read more
This week’s Financial Stability Report continues the Reserve Bank’s fascination with climate change. It says rising seas and changing weather patterns will lead to financial losses. Read more
As the world is slowly emerging out of Covid-19, the next big crisis may already appear on the horizon. After bold fiscal and monetary packages to cushion the blow of the pandemic, inflation, stagflation and asset market disruption are dangers for the world economy. Read more
New Zealand must prepare for next global financial crisis New Zealand’s economy suffered less damage from the pandemic than analysts expected. But new research warns, however, that just as we are emerging from the COVID-19, a new crisis is already on the horizon. Read more
The government’s Three Waters reform aims to make sure Kiwis have access to safe drinking water, and to close an investment gap worth $185 billion. Another crucial matter for the reform, which has received little attention so far, is housing affordability. Read more
It will not just be the last General Council meeting of the European Central Bank for the year when it meets on December 2. It will also be the end of an era. Read more