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A mis-step by the new Governor

21/04/2018

Excellent post. I was so pleased you commented on the interview. It is of concern that we maybe/are witnessing the overt politicisation of the Governor’s role.

croaking cassandra

Seventeen years ago, in August 2001, then Reserve Bank Governor, Don Brash gave a speech to something called the Knowledge Wave conference, sponsored by Auckland university.  The speech had the title Faster growth? If we want it (at the link  for some reason it says the speech was given by Alan Bollard, who was Secretary to the Treasury at the time, but it was certainly a Brash effort –  here is the link to the version on his website ).   The speech drew a great deal of flak.  It was two years into the term of the Labour-Alliance government, and it had nothing much to do with monetary policy or financial stability (the Bank’s responsibilities), and instead offered the Governor’s views on what could or should be done to lift New Zealand’s economic performance.

According to the Governor, our culture was a big part of the problem

we seem…

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