Good morning and welcome to The Bulletin. In today’s edition: Shocking incidents show prison culture, exchange of letters over monetary policy more exciting than it sounds, and Auckland locations close over Covid warning. A shocking story from Auckland Women’s Prison that raises questions about whether prisoners are being treated humanely. Radio NZ’s Guyon Espiner reports that … Read more
The New Zealand housing crisis, and how to tackle it, took epistolary form yesterday in letters from the finance minister and the Reserve Bank governor. We read between the lines. Yesterday the finance minister, Grant Robertson, penned a letter to the governor of the Reserve Bank, Adrian Orr, on the subject of the housing market, … Read more
The government has conceded that soaring house prices are increasing inequality and poverty, and the finance minister wants the Reserve Bank to do something about it. Justin Giovannetti writes from parliament. There’s been an invisible wall down the centre of Bowen Street in Wellington for a generation. On one side is parliament and elected officials, … Read more
Good morning and welcome to The Bulletin. In today’s edition: Protests and legal challenges as US election counting continues, Ardern sets out government’s economic plans, and special votes released today could swing seats. If you’re hoping for a decisive update to the US election count overnight, bad news – it’s still on a knife edge. At … Read more
In a surprise move this morning, the Reserve Bank has slashed the Official Cash Rate to just 0.25%, down from 1%. So what does that mean for you, and why has it happened now? Just quickly – what is the official cash rate? The OCR is the interest rate at which the Reserve Bank lends … Read more
Good morning and welcome to The Bulletin. In today’s edition: Another unexpected OCR move, NZ First Foundation donations under scrutiny, and End of Life Choice bill passes pending referendum. Reserve Bank governor Adrian Orr seems intent on giving as many surprises as possible with the OCR. After slashing it in August when it was expected to be lowered … Read more
Lists are good and so are Sundays. We combine both those things in a new Spinoff feature. This week: Headlines from the past six months about the the Reserve Bank governor, Adrian Orr RBNZ prepares to stick its Orr in ASB, March 29 Banks Orr-struck yet again The Australian, April 10 Big banks brace for … Read more
Adrian Orr has brought out the big guns to put a sorely needed bomb under the New Zealand economy and now the government needs to do its bit, a top economist says. The Reserve Bank’s decision to slash interest rates is a good move that shouldn’t come as a surprise, Kiwibank chief economist Jarrod Kerr … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Why the OCR cut is a big deal, significant non-compliance on Waikato dairy farms revealed, and major changes to Misuse of Drugs Act passed. The Reserve Bank has cut the OCR further than expected, bringing it down to 1.00% rather than the 1.25% that was … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Another political intervention from new Reserve Bank governor Adrian Orr, government considers shared equity for first home buyers, and the best coverage of the hikoi at Parliament. Reserve Bank governor Adrian Orr says he “gave up” on trying to invest in the Christchurch rebuild, while he … Read more
Good morning, and welcome to The Bulletin. In today’s edition: Australian banking scandal described as a wake up call for NZ, Commonwealth wide free trade deal being talked up, and nurses union voting on strike opens. Scandalous banking misconduct in Australia is being described as a wake up call for New Zealand, reports Radio NZ. A … Read more