In this morning's email we dig into the detail of Acting Reserve Bank Governor Grant Spencer's first MPS and press conference and what it might mean for new Finance Minister Grant Robertson's reform plans.
New Finance Minister Grant Robertson faces a tough time convincing existing Reserve Bank staff that they can run the economy hotter to get unemployment below four percent, at least for now.
In today's email we take a deep dive into the Reserve Bank governor's final new conference.
Graeme Wheeler held his neutral stance in his final monetary policy decision this week, but the focus was on his defence of his record as an inflation targeter. Bernard Hickey reports.
In today's email we detail the weekend's political announcements centred around Auckland's transport woes.
1. 'Vote for the other guy'
Yet again, inflation is failing to fire this year and interest rates are staying lower for longer. Bernard Hickey looks at why prices, wages and interest rates just won't, or can't, get up off the floor.
Inflation was surprisingly weak in the June quarter, which means financial markets and economists now see the Reserve Bank as more likely to keep the Official Cash Rate on hold for longer.
In today's email we report on the latest OCR decision.
The Reserve Bank has left the Official Cash Rate (OCR) on hold at 1.75 percent as universally expected, and has left its outlook for interest rates in neutral.