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Hot Topic Hawke’s Bay
Hot Topic Hawke’s Bay
Opinion
3 mins to read

A low point in monetary policy

The government’s move to Treasury control of RBNZ prudential policy is a terrible idea.

Dennis Wesselbaum
Sun, 25 Apr 2021

I must admit that after the recent change to the policy ‘agreement’ between the RBNZ and the Treasury – introducing house prices into monetary policy making – I thought it could not get any worse.

I stand corrected. Thursday’s announcement of the Deposit Takers Act marks a new low

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Dennis Wesselbaum
Sun, 25 Apr 2021
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A low point in monetary policy
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