Economy

Remember the reasons for RBNZ independence

Gareth Kiernan
Fri, 20 Nov 2020

Those people calling for an end to the Reserve Bank’s independence must have forgotten, or be too young to remember, the bad old days when monetary policy was little more than an enabler for fiscal pump-priming. Things came to a head during the 1970s and 1980s, when Robert Muldoon’s dual role as the Prime Minister and Minister of Finance led to dubious economic policies.Having concluded that “most people wouldn’t recognise a budget deficit if they fell over it,” Muldoon was happy to announce significant govern...

Try free for 10 days

Trustworthy, balanced journalism every day from our growing team of New Zealand business reporters and commentators, plus more in our weekend magazine section, The Life.

Instant News Alerts based on keywords you choose or journalists you follow
Our Daily Digest of all stories at 6am, midday or 6pm
A custom library of your saved stories
An industry-leading search engine
Try for 10 days without paying and if you’re not convinced cancel with just two clicks.

Support quality New Zealand journalism by subscribing today.

Find out more

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Property FREE

Housing dominates Labour's first meeting of 2021

Brent Melville | Thu, 21 Jan 2021

Government has rolled out its much heralded plan for public housing ahead of this week's Labour Party retreat.

Technology

Tech investors chafe at foreign investment rules

Peter Griffin | Thu, 21 Jan 2021

NZ must compete to attract and retain tech investment.

Technology

Schools blocked 2.9 million cyber threats daily

Henry Burrell | Thu, 21 Jan 2021

Distracting and non-work content drove most of the blocking, with only about 6 percent of material considered harmful.

Remember the reasons for RBNZ independence

Not convinced yet?

Your company has a subscription

Team