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

Paul McBeth
Wed, 10 Feb 2021

Paul McBeth
Wed, 10 Feb 2021
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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...

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