Why I'm tired of the RBNZ blame game

Why I'm tired of the RBNZ blame game
The RBNZ's policy of least regrets has copped a lot of criticism. (Image: NZME)
Pattrick Smellie
With annual inflation peaking at 7.3% in New Zealand, the blame game is well and truly under way.It’s the government’s fault for injecting the thick end of $65 billion of made-up money into the economy and fuelling a consumer and asset price boom that literally nobody predicted when the pandemic first hit in March 2020.It’s the Reserve Bank’s fault for running loose monetary policy to accommodate the expected shocks of the pandemic and fuelling a consumer and asset price boom that literally nobody predicted when the pand...

More Finance

Surcharge ban may not be a win for consumers
Finance

Peter Griffin: Surcharge ban may not be a win for consumers

There are winners and losers in the surcharge move.

Peter Griffin 30 Jul 2025
FNZ employee shareholders stake claim at $7.7b
Finance

FNZ employee shareholders stake claim at $7.7b

The claim has been lodged in the High Court at Wellington.

Victoria Young 29 Jul 2025
FMA warns lenders on mortgage fraud
Finance

FMA warns lenders on mortgage fraud

The FMA sees dangers for borrowers if lenders aren't vigilant.

Staff reporters 25 Jul 2025
‘Teflon Man’ Neil Quigley’s next big job
Finance Analysis

Pattrick Smellie: ‘Teflon Man’ Neil Quigley’s next big job

Is the RBNZ lining up a Canadian replacement for Adrian Orr?

Pattrick Smellie 23 Jul 2025