Reserve Bank is making stuff up

Reserve Bank is making stuff up
Inflation helped the Roman empire collapse. (Image: istock)
Jenny Ruth
Reserve Bank governor Adrian Orr is now resorting to just making things up to try to avoid responsibility for inflation running wildly above the target he's tasked with achieving.  Orr used the fact that the central bank will be publishing a review of monetary policy over the last five years on Nov 10 to avoid answering questions from parliament’s finance and expenditure committee (FEC) last week.The consumers price index (CPI) rose 7.2% in the year ended September. Orr also pre-empted the committee's questions by saying...

More Finance

TVNZ targets one million digital viewers logged in by 2030
Finance

TVNZ targets one million digital viewers logged in by 2030

The latest performance forecast unfolds the broadcaster’s online ambitions.

JPMorgan is revamping Its bank for the superrich
Finance

JPMorgan is revamping Its bank for the superrich

There is a minimum required balance of US$10 million. 

Port of Auckland to pay $45m special dividend to council
Finance

Port of Auckland to pay $45m special dividend to council

The divestment proceeds will be used to top up the Auckland Future Fund.

Oliver Lewis 27 Jun 2025