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Reserve Bank · AucklandThat is the headline in a story in The Post this morning. After inquiries from Post journalists a Reserve Bank spokesperson said that final decisions on organisational change, advised to staff last week, would mean a net loss of 142 jobs (35 of which were currently vacant; presumably the Bank has had some sort of hiring freeze in place for some months now). The last public number we had for Reserve Bank staff numbers was in the Minister’s Fundin…Read Article
One in five roles could go at the Reserve Bank
Reserve Bank · AustraliaI wrote earlier in the week about the as-yet unfilled vacancy in the office of Governor of the Reserve Bank. But there is also another significant vacancy that needs to be filled in the coming weeks, as the oft-extended MPC term of Bob Buckle finally comes to an end. Buckle appears to be older than Donald Trump and has been on the MPC since it began 6.5 years ago. That means he’s been fully part of all the very costly bad calls ($11 billion of t…Read Article
Thinking about the MPC
New Zealand · New ZealandThe quarterly suite of labour market data came out yesterday, and it wasn’t a case of senior ministers at their most edifying (sadly, it is difficult to imagine things would be any different if the current government and Opposition parties swapped places, but….today’s ministers hold office today). The one that first caught my eye was this from the Minister of Health And in the newspaper this morning I see the Minister of Finance running the same…Read Article
