‘Eyes wide open’ to cost of saving jobs – Adrian Orr

‘Eyes wide open’ to cost of saving jobs – Adrian Orr
Paul McBeth
The government was fully aware of the trade-offs it faced when the Reserve Bank embarked on an unprecedented monetary stimulus to help preserve jobs and prop up the economy when the covid-19 pandemic hit, says governor Adrian Orr.Finance Minister Grant Robertson has been accused of ignoring the widening gap between rich and poor when the near-zero interest rate policy and money printing programme pushed up asset prices over the past year, which saw a jump in house prices when economists had been predicting double-digit declines.Parliament&rsquo...

More Economy

Dire economy opens door for 50bps cut in October
Economy

Dire economy opens door for 50bps cut in October

The New Zealand economy contracted 0.9% in the June quarter. 

Economy contracts 0.9% in June quarter
Economy

Economy contracts 0.9% in June quarter

GDP has now fallen in 3 of the last 5 quarters.

Life insurance market shrinks
Finance Risky Business

Life insurance market shrinks

Foreign firms dominate as affordability, tax and access barriers stymie growth.

Seeking a faster, sharper ComCom
Economy

Seeking a faster, sharper ComCom

A ‘gold standard’ approach and siloed structure slow the ComCom down.