RBNZ: The central bank that owns a recession

RBNZ: The central bank that owns a recession
(Image: Getty)
Bloomberg
By Daniel Moss (Bloomberg Opinion) – Do central banks have to snuff out growth to do their job?The question isn’t a new one, but it’s about to get more attention. New Zealand, a tiny place with a big role in economic history because of its early deployment of inflation targets, has skidded into recession. More countries are bound to follow, with uncomfortable scrutiny falling on policymakers. Everyone wants inflation to come down. Few are impressed with the bill when it does.Monetary policy was, at the very least, pr...

More Economy

Business inflation expectations heating up
Economy

Business inflation expectations heating up

Inflation expectations are heating up across most businesses. 

Napier Port to pay special dividend after $7.5m settlement
Economy

Napier Port to pay special dividend after $7.5m settlement

The Hawke's Bay port had a strong first half, handling 13.9% more containers.

Cold storage behemoth plans massive Canterbury facility
Primary Sector

Cold storage behemoth plans massive Canterbury facility

Lineage had the biggest IPO on the Nasdaq last year.

Budget 2025: Facebook, Google escape NZ tax reform
Economy

Budget 2025: Facebook, Google escape NZ tax reform

NZ has chosen not to go it alone in taxing the "platforms".

Pattrick Smellie 20 May 2025