Luxon undermines Reserve Bank's independence

Reserve Bank independence under spotlight as PM weighs in

Luxon’s comments about the OCR have stirred debate over political influence, just as the Reserve Bank begins weighing whether to relax rules that the government opposes, writes Catherine McGregor in today’s extract from The Bulletin. To receive The Bulletin in full each weekday, sign up here. PM walks a fine line on Reserve Bank Christopher Luxon has been forced to clarify his relationship with the Reserve Bank after admitting he shares his “rec…

Luxon undermines Reserve Bank's independence

The PM may not have intended his comments on monetary policy as a steer to the central bank but a government potentially worried about re-election next year should not be signalling anything about its preferences, writes Dr Eric Crampton.

Reserve Bank meeting the PM

There has been a flurry of coverage in the last couple of days after the Prime Minister told an interviewer yesterday not only that he thought the Reserve Bank should have cut the OCR by more/earlier, but that he had made this point to the Governor in a meeting with the Bank before the final OCR decision was made last week. While I don’t think it is usually particularly wise, in general I don’t have a problem if the Prime Minister or Minister of…

Luxon crucifies Reserve Bank Governor independence – NZ Political Economy is in a doom loop

Holy fuck we are so screwed economically. For those not following, (and I don’t blame you because it’s tough to listen to these pricks while you are working your fingers to the bone), but for those not following, the Prime Minister of NZ iOS so desperate to start a housing bubble that he contacted the Reserve Bank and told them to lower interest rates. We are so fucked. The whole pretence of Capitalism is its supposed regulatory and independent …