This year marks 25 years since the Reserve Bank Act 1989 was passed. While it has enjoyed a high degree of cross-party support over that period, the original settlement is unwinding and it is now time for a review. That need not involve throwing the anti-inflation baby out with the bathwater, nor the politicisation of a significant public institution.
Last week was a big week for the Reserve Bank. The Bank’s March Monetary Policy Statement, released on Thursday saw the expected announcement of the decision to move to tighten monetary policy – a 25 base-point increase in the Official Cash Rate. This marks the start of a tightening cycle – one that has been quite openly foreshadowed by the Bank for some time.
Is this government's commitment to oil a bit like investing big in New Zealand Post? And what will our children make of the choices we're making now?
As deepsea drilling started off the Raglan coast this week, it's a good moment (finally) to look at the other side of the debate, as promised in my previous post.
Iraqi vice president sentenced to death; Japan confirms purchase plan for disputed islands; China reports weaker economic growth for August as imports drop; US hands control of Bagram prison over to Afghan officials; Hollande outlines new austerity plan for France; and more
Top of the Agenda: Iraqi Vice President Sentenced to Death