Criticising the Reserve Bank for doing its job
The Reserve Bank of New Zealand has one big job when it comes to monetary policy. That job is defined in its Remit – the contract that it has with the government. Read more
The Reserve Bank of New Zealand has one big job when it comes to monetary policy. That job is defined in its Remit – the contract that it has with the government. Read more
Mike Hosking discussed the Initiative's report "Monetary policy without mates" on Newstalk ZB, agreeing with its argument that the Reserve Bank has been unfairly scapegoated for the current recession when it was simply doing its job of bringing inflation under control. He emphasised that the government's fiscal policy worked against the Reserve Bank's efforts, with Grant Robertson's spending forcing interest rates to stay higher for longer. Read more
Herald NOW mentioned Dr Oliver Hartwich on their news segment about the Reserve Bank governor appointment. He emphasised the importance of maintaining the Reserve Bank's independence and allowing it to focus on addressing inflation without political interference. Read more
When Parliament says gang insignia “is forfeited to the Crown,” citizens are entitled to assume those words mean what they say. Yet on 11 August the District Court ruled otherwise. Read more
Dr Oliver Hartwich debated Robert MacCulloch on The Platform over claims that the New Zealand Initiative has "captured" the National government and is controlling fiscal policy. Dr Hartwich defended the Initiative, stating they have minimal contact with government ministers and would have pursued different policies if they truly had influence, particularly opposing last year's tax cuts in favour of budget consolidation and deficit reduction. Read more
They seem unable to help themselves. And it’s probably our fault. Read more
Three weeks. That is how long New Zealanders waited to know the outcome of the 2023 election. Read more
Vocational education has never had a good reputation in New Zealand. It has long been seen as a second-best option for ‘struggling students.’ University is the destination of choice for ‘good’ students, even if they have no idea what they want to do there. Read more
In this episode, Oliver talks to Sam Andrews, Chief Strategy Officer at Bastion Security, about New Zealand’s cybersecurity landscape and the evolving threats facing organisations. They explore how AI is reshaping both attacks and defences, the strengths and weaknesses of New Zealand’s regulatory framework, and why building resilience is just as vital as strong security. Read more
Dr Eric Crampton told Kerre Woodham on Newstalk ZB that New Zealand’s 0.9% economic contraction reflects the Reserve Bank “going incredibly overboard” in 2020–21 and losing credibility on inflation, making today’s correction unavoidable. He criticised government claims of restraint, noting budgets remain “incredibly stimulatory” with “massive structural deficits,” and argued that if spending had returned to 2019 wellbeing-budget levels, the Bank would have had far more room to cut interest rates. Read more
In New Zealand economics, numbers have personalities. Two supermarkets are a duopoly. Read more
Imagine that your family spent twice as much as it earned last month. Around the kitchen table the mood would be grim and the bank’s patience likely wearing thin. Read more
In this episode, James Kierstead talks with Sarah McLaughlin, Senior Scholar, Global Expression at the Foundation for Individual Rights and Expression (FIRE), about her forthcoming book Authoritarians in the Academy. They explore how authoritarian governments, particularly China, pressure universities abroad through funding ties, partnerships, and intimidation of students and scholars. Read more
Wellington (Tuesday, 16 September 2025) – The New Zealand Initiative welcomes the Government’s decision to strengthen the governance of the Commerce Commission, describing it as an important step towards world-class regulatory practice. The Initiative’s 2018 report Who Guards the Guards? Read more
On Wednesday morning last week, I was getting ready for my afternoon speech at the Financial Services Council conference in Auckland. Between sessions, I scrolled through X on my phone. Read more