Spending huge to save us all

Spending huge to save us all
Brian Gaynor
Reserve Bank Governor Adrian Orr is the country’s biggest spender by a wide margin. So far this year he has purchased an additional $44.2 billion worth of New Zealand government securities, an impressive $161.9 million for every day of the year.The Orr strategy, which is another term for money printing or quantitative easing, is having a massive impact on asset prices, particularly residential property.Unfortunately, there are no clear precedents that allow us to assess the outcome when this money printing press is finally shut down....

More Economy

Interim solution for a GST issue
Economy

Interim solution for a GST issue

Inland Revenue can begin processing GST returns for businesses affected by a historic legislative drafting error, Revenue Minister Simon Watts says.“At a time when things are tough, this error is preventing Inland Revenue from paying out GST refunds to more than 350 taxpayers, to...

Long-term fiscal storms on the horizon
Economy

Cameron Bagrie: Long-term fiscal storms on the horizon

The number of retirees is rising at 3% per year, far more than population growth.

NZD treading water after US jobs data gave no clear steer
Economy

NZD treading water after US jobs data gave no clear steer

The kiwi was trading at 61.79 US cents early Monday in Wellington.

Rebecca Howard 09 Sep 2024
A dangerous thought for NZ: cheer up!
Economy

Pattrick Smellie: A dangerous thought for NZ: cheer up!

New Zealand is not a poor country, just rather poorly managed of late.

Pattrick Smellie 09 Sep 2024