Michael Reddell: Flip flop flip flop

The Reserve Bank’s Monetary Policy Committee yesterday delivered their latest OCR review.

In my post on Tuesday, in which I suggested that an OCR cut was appropriate now, I’d noted

Michael Reddell: Foreign direct investment, the Governor, and governments

(Post refers to my Saturday post on recent reported comments by the Reserve Bank Governor)

Who said this?

The world is awash with savings yet New Zealand does not provide a gateway that makes it easy for that capital to enter the country.

Peter Dunne: Attacks on the Reserve Bank and its Governor

National’s and ACT’s attacks on the Reserve Bank and its Governor are becoming more frequent and strident. As the cost-of-living crisis bites deeper, and the Reserve Bank tightens the screws on interest rates, pushing up home mortgage rates, it becomes easy to portray the Reserve Bank and its Governor as the problem.

Add in the fact that Adrian Orr does not fit the traditional mould of a central banker, with his irreverent flamboyance and brusque manner (a Doc Martin of the monetary policy world, if you like) and he and the Reserve Bank can quickly be portrayed as cavalier, financial technocrats playing havoc with, and caring little about, small to medium businesses and households struggling to get by at present.