Being a central banker is a tough gig

Being a central banker is a tough gig
RBNZ governor Adrian Orr has the job cheering gloom. (Image: Getty)
Rebecca Howard
It’s not easy to be a central banker, I reckon.Who wants to be the person who engineers a slowdown and lauds the fact that businesses are reporting slower demand for their goods and services and weak investment intentions “more generally"?On the plus side, the 5.5% official cash rate (OCR) is constraining inflation pressure “as anticipated and required”, according to the Reserve Bank of New Zealand (RBNZ), who this week held rates steady.'Necessary evil'ASB Bank chief economist Nick Tuffley called it &l...

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RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025
Slight inflation lift won't stop rate cuts thanks to trade war
Economy

Slight inflation lift won't stop rate cuts thanks to trade war

Most economists expect annual inflation lifted to 2.4% in 1Q.

Rebecca Howard 17 Apr 2025
TTR files fast-track application to mine Taranaki sand
Primary Sector

TTR files fast-track application to mine Taranaki sand

Seabed mining firm Trans-Tasman Resources has lodged its application to fast-track its project to harvest iron sands off the coast of Taranaki. The firm's parent company, Manuka Resources, told the Australian Securities Exchange (NZX) on Wednesday that the application was lod...

Staff reporters 16 Apr 2025