Banks must act courageously - RBNZ's Orr

Wed, 02 Sep 2020

The central bank has been effective in lowering interest rates but trading banks must step up to the plate and act “courageously,” said Reserve Bank governor Adrian Orr.The governor reiterated the central bank is still looking at a variety of tools, including cutting the official cash rate - currently at 0.25 percent - to below zero.“We strongly believe that the best contribution we can make to our monetary and financial stability mandates is ensuring we head off unnecessarily low inflation or deflation, and high and persisten...

Unlock all stories free for 10 days

Stay informed on business, government and financial developments across New Zealand.

Deeply researched, twice-edited and fact-checked news
Annual subscribers also receive a complimentary subscription to The Wall Street Journal
Personalised email news alerts, plus gift up to 5 stories a month to non-subscribers

We won’t charge for 10 days. You can cancel anytime with two clicks, an email or a phone call. Find out more.

We are serious about journalism.

Name {{ registerForm.errors.get('name') }}

Email address {{ registerForm.errors.get('email') }}

Phone Number {{ registerForm.errors.get('phone') }}

Job Title {{ registerForm.errors.get('title') }}

Password Minimum password length of 8 characters.
Require at least one upper and lowercase, numeric, and special character. {{ registerForm.errors.get('password') }}

Repeat password {{ registerForm.errors.get('password_confirmation') }}

We had trouble validating your card. It's possible your card provider is preventing us from charging the card. Please contact your card provider or customer support.

Credit Card

Cardholder's name

{{ __(plans[index].interval) | capitalize }} {{ plans[index].attributes.old_price | currency }} {{ plans[index].price | currency }}

You will be charged in 10 days unless you cancel beforehand.
We will remind you three times before charging you.
All subscriptions auto renew but are easy to cancel.

I Accept The Terms Of Service

{{ registerForm.errors.get('terms') }}

Tax: {{ taxAmount(selectedPlan) | currency }}

Total Price Including Tax: {{ priceWithTax(selectedPlan) | currency }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerSeat ? '/ '+ spark.seatName : '' }} {{ selectedPlan.type == 'user' && spark.chargesUsersPerTeam ? '/ '+ __('teams.team') : '' }} / {{ __(selectedPlan.interval) | capitalize }}

Business

Meet the US$27 billion CEO. He may actually be worth it

Starbucks hiring Brian Niccol reignites an age-old debate: how much do CEOs matter?

The Wall Street Journal 5:00am

Style & fashion

Beaten and bullied for being trans. Pageant gave her pride

Growth of evangelical churches in Tonga is hardening attitudes toward 'leitis'.

The Washington Post 5:00am

Beaten and bullied for being trans. Pageant gave her pride

Relationships

One husband is enough: older women see no need to remarry

Many don’t want the hassle or financial complications. ‘What would be the point?’

The Wall Street Journal 5:00am

One husband is enough: older women see no need to remarry

Sponsored

Best place in the world to work

Fiji's business events have unique appeal to New Zealanders.

Tourism Fiji

Sponsored

How to determine retirement lifestyle

Managing wealth not just about accumulation, but how to use it.

Milford

More Policy

Policy

Clean reputation ‘makes NZ an attractive corruption target’

Transparency International calls for a unified agency to fight the rising problem here.

Jem Traylen 30 Aug 2024

Policy

Tax bill gives employee share schemes a boost

The Government says increasing the exemption thresholds for employee share schemes will support growth in the tech sector.The Taxation (Annual Rates for 2024-25, Emergency Response, and Remedial Measures) Bill, passed its first reading on Thursday with Revenue Minister Simon Watt...

Jem Traylen 29 Aug 2024