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Grant Wilson

The RBNZ has shredded its credibility

The Reserve Bank of New Zealand has authored the most activist monetary policy on the planet, while ignoring the facts on the ground.

Way back in May we highlighted that the Reserve Bank of New Zealand was putting its credibility on the line with its aggressive second round response to COVID-19.

We described the expansion of the Large Scale Asset Purchase (LSAP) program as unnecessary and untimely.

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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.

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    Original URL: https://www.afr.com/markets/currencies/the-rbnz-has-shredded-its-credibility-20201115-p56eps