The Reserve Bank Governor has all but said there is zero reason to raise the OCR right now, but has gone and done it anyway. Perhaps in hindsight he believes that during the last inflation spiral we should have used the OCR lift earlier and gone hard. That soft approach inevitably killed our exports and now while many exporters are hanging on by their fingernails we start the process all over again. read more »

Finally the mainstream media is waking up to the fact that you have to own your wealth generation to actually create wealth for New Zealand. It’s a simple concept but it’s amazing how long it has taken to get it into the public debate. Fran O’Sullivan correctly identifies the issues. For more on this subject watch the Beatson interview.

It seems Bryan Gould has found the missing link in productivity that Labour, and now National struggled to find.