Reserve Bank's LSAP outstayed its welcome in financial markets

Reserve Bank's LSAP outstayed its welcome in financial markets
Former central banker Geof Mortlock said money-printing was a mistake. (Image: ICNZ)
Jenny Ruth
March 2020 was a very grim month. I vividly remember how frightened I was and the immense uncertainty everybody was feeling as we read the dire news coming out of Italy and that feeling of foreboding that we could be next.I also remember the urgency of the government and the Reserve Bank of New Zealand in addressing the crisis and it seemed like they were throwing every support they could imagine at the economy.It was obvious they were making policy on the hoof and that at least some of what they were doing would prove to be ineffective or a mi...

More Finance

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
$600m in tourist spend at risk from regulation: Mastercard
Finance

$600m in tourist spend at risk from regulation: Mastercard

When Europe cut interchange fees, foreign card decline rates soared.

Pattrick Smellie 27 Jun 2025
Michael Lorimer exits Grant Samuel amid more sector change
Finance

Michael Lorimer exits Grant Samuel amid more sector change

Lorimer has sold his 80% stake in the corporate advisory firm.

Duncan Bridgeman 26 Jun 2025