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...
Apr 7, 2020 | Media Releases, News
Those who do not learn from history are doomed to repeat it and our Reserve Bank has chosen to repeat a costly mistake, says Positive Money national spokesperson Don Richards. “While the $12 billion Covid-19 stimulus package to workers and small businesses was...
Mar 18, 2020 | Media Releases, News
While the Covid-19 stimulus package will provide a welcome boost to the economy, it comes at the cost of even more debt. Our Reserve Bank is expected to go to the bond market to buy Government bonds from banks and other institutions to finance the package when...
Dec 17, 2019 | Media Releases
FOR IMMEDIATE RELEASE 17 December 2019 The Government’s recent announcement that it will spend an extra $12 billion on infrastructure for new roading, rail, schools and healthcare projects, is welcome news. The not so welcome news is that the Government will take on...
