Our Petition
We are asking Parliament to inquire into the Reserve Bank helping to finance infrastructure projects
Our online petition has now closed.
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Direct Monetary Financing Petition—News and Updates
Rethinking Reserve Bank independence
A recent spat between the government and new Reserve Bank Governor, Dr Anna Breman, brought the issue of central bank independence into the spotlight again. We need the debate. There has been a consensus since the monetary reforms of the 1980s that monetary policy...
Our submission proposing direct monetary financing for infrastructure
In late October, we presented a petition to parliament seeking an inquiry into direct monetary financing for infrastructure. We have followed it up with a supporting submission. Following is an extract from our submission. You can read the full submission here (PDF)....
Our petition is presented to parliament
We handed over our petition at parliament on 22 October 2025, signed by over 1,600 people. The petition asked that the House of Representatives inquire into the Reserve Bank providing financing towards significant infrastructure projects at zero, or near to zero...
Finance Minister engages with Positive Money NZ on Direct Monetary Financing
We proposed the use of Direct Monetary Financing for infrastructure. Our original communication to Scott Simpson was forwarded to Finance Minister Nicola Willis. Our original communication on 1 May 2025 proposing the use of Direct Monetary Financing for infrastructure...
Positive Money petition seeks inquiry into Direct Monetary Financing for infrastructure
We have launched a parliamentary petition asking the government to use the Reserve Bank to help fund significant infrastructure projects. We are requesting that the House of Representatives inquires into the Reserve Bank providing financing at zero, or near-to-zero...
Our Petition to Parliament
Petition Request
That the House of Representatives inquire into the Reserve Bank providing financing towards significant infrastructure projects at zero, or near to zero interest rates.
Petition Reason
In 2022, the Infrastructure Commission estimated we need $31B/year to tackle current and future infrastructure challenges. We think interest, much of it potentially to foreign lenders, could double that cost. To us, Reserve Bank funding at zero or near-zero interest would save billions, fund far more infrastructure than otherwise possible and deliver lasting public assets. We feel this will boost productivity, support communities and provide long-term economic growth; precedents exist for this.
Direct Monetary Financing will allow us to build more AND free up money for other things
The Government’s own bank, the Reserve Bank, can directly finance some infrastructure through low or zero-interest loans. This will cut out the financial middlemen, lower our dependence on foreign lenders, and save taxpayers billions. We’ve done it before and we can do it again.
Find out more about how Direct Monetary Financing for infrastrucure can work.
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