RBNZ's poor policy process puts its credibility at risk: former official

RBNZ's poor policy process puts its credibility at risk: former official
Jenny Ruth
By Jenny Ruth May 15 (BusinessDesk) - The Reserve Bank’s third discussion paper on its bank capital proposals points to a lack of robust policy process, is an embarrassment to New Zealand and undermines the central bank’s credibility, according to a former Reserve Bank official. The central bank “has had to resort to some bizarre arguments to make the unworkable work in an increasingly desperate attempt to shore up some unwise decision-making,” says Ian Harrison in his critique of that third paper which was issued in April. The bank ca...

More Finance

Unscrambling EGS investment in Trump's world
Finance

David Chaplin: Unscrambling EGS investment in Trump's world

The US rush from ESG investments labels is well under way.

Forsyth Barr on Spark's 'incumbent's dilemma'
Finance

Forsyth Barr on Spark's 'incumbent's dilemma'

Falling market share and margins in the broadband market look entrenched.

Coal and gold added to critical minerals list
Finance

Coal and gold added to critical minerals list

Banks and insurance companies threatened with regulatory retaliation if they block mining.

Ian Llewellyn 31 Jan 2025
Powell says US Fed in no hurry to cut rates after pause
Finance

Powell says US Fed in no hurry to cut rates after pause

The decision follows three consecutive rate reductions.