Michael Johnston: An (almost believable) new brief for the Environment Ministry

The Prime Minister has announced a new strategy for tackling inflation. The announcement follows recent legislation transferring responsibility for fiscal management from the Reserve Bank to the Ministry for the Environment.

Explaining the rationale for the new approach, the PM was at pains to point out that she maintains confidence in the Reserve Bank and its Governor. “He has been doing a top job”, she explained. “He has my full confidence. It’s just that the Reserve Bank has so many other things on its plate at the moment.”