RBNZ: The central bank that owns a recession

RBNZ: The central bank that owns a recession
(Image: Getty)
Bloomberg
By Daniel Moss (Bloomberg Opinion) – Do central banks have to snuff out growth to do their job?The question isn’t a new one, but it’s about to get more attention. New Zealand, a tiny place with a big role in economic history because of its early deployment of inflation targets, has skidded into recession. More countries are bound to follow, with uncomfortable scrutiny falling on policymakers. Everyone wants inflation to come down. Few are impressed with the bill when it does.Monetary policy was, at the very least, pr...

More Economy

Jones looking at gas rationing
Economy

Jones looking at gas rationing

“The wholesale hollowing out of the regional manufacturing sector.” 

Treasury says covid spending overcooked
Economy

Treasury says covid spending overcooked

A new Treasury paper has criticised the last Government for overspending during the pandemic, leaving the country with a high level of public debt that makes it vulnerable to future shocks.The paper calculated the total cost of the pandemic at about $66 billion. It put the total...

Staff reporters 07 Aug 2025
Bridges: Interest rates not enough
Economy

Bridges: Interest rates not enough

The former National Party leader says the economy needs a ‘defibrillator’.

Dileepa Fonseka 07 Aug 2025
Capital gains tax to solve house-price affordability crisis?
Finance

Capital gains tax to solve house-price affordability crisis?

ANZ's Richard Yetsenga said house-price affordability is a significant challenge. 

Staff reporters 07 Aug 2025