While New Zealand’s response to COVID-19 has been rightly feted, the Reserve Bank of New Zealand’s most recent decision warrants much more scrutiny than it has received.
Extending the Large Scale Asset Purchase (LSAP) programme on May 13 was unnecessary and untimely. The decision may also herald a shift into activism, where the institutional distinction between monetary and fiscal policy is degraded.
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Grant Wilson is Executive Chair of Tivan Limited, a critical minerals company with major project status in the Northern Territory. He sits on the Advisory Board of Exante Data, Inc, a macro advisory and data analytics company based in New York. Connect with Grant on Twitter.
