Articles tagged Russel Norman

The Reserve Bank held its Official Cash Rate (OCR) at 3.5% as expected, but it surprised some mostly international investors by talking about increasing interest rates again, albeit at a later stage. Here's the 10 things of note from the December Quarter Monetary Policy Statement (MPS) , the subsequent news conference and a Finance and Expenditure Select Committee hearing.

Green Party Co-Leader Russel Norman proposed the creation of a state-owned Green Investment Bank to fund clean technology businesses. Here's my briefing on the policy details, the political positioning and the pros and cons.

The hawkishness of Reserve Bank's forecasts yesterday and Governor Graeme Wheeler's clear reluctance to intervene in the New Zealand dollar saw the currency spike more than a cent higher to touch 86 USc overnight. The NZ dollar rose briefly yesterday to a record post-float high of 80 on the Trade Weighted Index.