Mar 15, 2022 | Media Releases, Reserve Bank
The announcement of Paul Conway as the new Chief Economist at the Reserve Bank highlights a disturbing development at the Bank, says Positive Money NZ’s national spokesperson Don Richards. “In simple terms, we now have a revolving door at the highest levels between...
Feb 10, 2022 | Media Releases, News, Submissions
The Green Party’s call for an inquiry into the government’s economic response to Covid is welcome, but needs to go a step further, says Positive Money national spokesperson Don Richards. “Rather than a select committee inquiry, the public deserves an...
Oct 31, 2021 | Future of Money, Media Releases, News
The Reserve Bank has come out with a couple of courageous and ground breaking consultation papers on the future of money, says Positive Money national spokesperson Don Richards. Key to the documents is the clear distinction between ‘central bank money’ – notes and...
Mar 31, 2021 | Media Releases, News
A new petition is asking Parliament to require the Reserve Bank to directly fund the Covid recovery and other essential infrastructure, cutting out the unnecessary bank middlemen. The Reserve Bank plans to spend up to 100 billion dollars to buy bonds on the secondary...
Nov 25, 2020 | Media Releases, News
The Reserve Bank is embarking on a scheme that will squander $28 billion, according to Don Richards, the National Spokesperson for Positive Money New Zealand (PMNZ). Through its so-called Funding for Lending programme, the Reserve Bank will provide $28 billion...
Sep 23, 2020 | Media Releases, News
In an extraordinary exchange during a recent press conference our Finance Minister, when asked why the Reserve Bank does not write off the Covid19 debt, said “it isn’t the way we manage monetary and fiscal policy”. He did not say that it is not technically...
