Jul 10, 2022 | Media Releases, News, Reserve Bank
The Government is spinning a false narrative when it tells the nurses, and the nation, that the nurses’ pay offer is the best they can provide, given the lack of money. “The Government’s bank provided private banks and financial institutions with $55 billion dollars...
Jun 30, 2022 | Media Releases, News
The Reserve Bank is squandering billions of taxpayer dollars buying back our own Government bonds from private banks when it does not need to. Now we find that this money-go-round had a real cost—$8 billion and counting, says Positive Money national spokesperson Don...
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...
