Reserve Bank Archive

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  Building industry sees eye-to-eye with Green economic policies - by Russel Norman

  
  
  
  The Construction Strategy Group has recently published their report on the state of the building industry entitled Valuing the Role of Construction in the NZ Economy. The Construction Strategy Group is a lobby group and is made up of a who’s who in the industry. Their report outlines a number of key initiatives they’d like [...] read more
  October 19, 2011 9:19 am - 3 Comments
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  Indian bank registers in New Zealand - by frog

  
  
  
  For me this is a sign of the times – a non-western bank, India’s third largest, setting up shop in New Zealand. The Bank of Baroda has formally registered with the Reserve Bank. The Bank of Baroda is state owned and has branches in 25 other countries, often those with a Gujarati  diaspora. To me [...] read more
  September 1, 2009 11:03 am - 17 Comments
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  Peak oil, subprime loans and poor oversight - by frog

  
  
  
  At the slimmest edge of his reasoning, I find myself agreeing with that great Kiwi free market apologist, Roger Kerr. Poor oversight has pumped billions of dollars into useless paper assets, primarily property. However, It is entirely disingenuous to blame the government for that. An oil price spike, one of the early symptoms of the [...] read more
  September 30, 2008 3:44 pm - 10 Comments
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  RBNZ keeps head in the sand - by frog

  
  
  
  You can tell a series has lost it’s punch when it takes me 4 days to get the post up about it. I simply cannot believe that the Reserve Bank has turned out yet another oil price forecast guaranteed to be a loser – like every single previous forecast of the last four years. The [...] read more
  June 11, 2008 9:28 am - 36 Comments
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  Manufacturing in New Zealand - by frog

  
  
  
  Agaisnt the odds manufacturers are doing some great things in New Zealand.  They often get written off as part of a dying industry but the reality is that manufacturing provides jobs for about 250,000 New Zealanders, and is at the core of our ability to self sufficiently provide for ourselves, give us the type of [...] read more
  May 12, 2008 11:23 am - 41 Comments
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  Peak oil rescues the Prime Minister - by frog

  
  
  
  The Prime Minister is defending her flip flop on the Emissions Trading Scheme on the basis that oil prices are rising and thus having the same effect on motorists’ behaviour as the ETS would have done anyway.  This, as Jeanette has pointed out on The Panel this afternoon, ignores the fact that taxpayers are subsidising [...] read more
  May 6, 2008 9:35 pm - 12 Comments
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  Does the left hand have any idea what the right hand is doing? - by frog

  
  
  
  Do Treasury and the Reserve Bank know that the Ministry for the Environment is talking about Peak Oil on this webpage?  So, to be accurate, it’s really the right hand that doesn’t know what the left hand is doing.Now, should Cabinet get rid of the offending web page, or should it pay $50 dollars and [...] read more
  March 17, 2008 9:20 am - 2 Comments
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  Peak Oil – the Reserve Bank vs Deutsche Bank - by frog

  
  
  
  Deutsche Bank thinks that supply constraints could push the price of oil to $150 a barrel by 2010. The Reserve Bank’s latest Monetary Policy Statement thinks that oil prices are going to drop from their current $104 a barrel to $70 in two years; less than half that Deutsche Bank’s prediction. Deutsche Bank’s prediction is [...] read more
  March 6, 2008 5:06 pm - 42 Comments
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  More on the price of oil - by frog

  
  
  
  The Minister of Finance might be standing by Treasury and the Reserve Bank’s farcical attempts to pick the future price of oil, but it seems the Associate Energy Minister does not believe the price of oil is retreating from its current US$90 a barrel price any time soon.  He’s using it as a justification to [...] read more
  December 3, 2007 3:41 pm - 7 Comments
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  What have Treasury and the Reserve Bank been up to? - by frog

  
  
  
  Nothing apparently. Jeanette asked Michael Cullen in the house today if he had any faith in the economic projections that Treasury does on his behalf. She then pointed to their last seven economic forecasts and their predictions for the price of oil going forward. Here is the graph of their predictions:   One can only [...] read more
  November 13, 2007 3:50 pm - 23 Comments