The Government has instigated an independent review of New Zealand’s monetary policy response to the Covid-19 pandemic.
Finance Minister Nicola Willis says the purpose of the review is to identify any lessons New Zealand could learn to improve the monetary policy response to future major events.
“An independent review means the conclusions found can be objective and constructive.
“The Reserve Bank of New Zealand took unprecedented action in response to the Covid-19 pandemic. This included reducing the Official Cash Rate to 0.25 per cent, and the use of additional monetary policy tools, including a Large Scale Asset Purchase (LSAP) programme.
“These actions helped to preserve jobs and keep businesses afloat, but the indirect impacts included decades-high inflation, and losses of about $10.3 billion on the LSAP programme and a significant spike in asset values with house prices increasing 30 per cent in one year.
“The purpose of the review is to learn from experience. It will focus on decisions by the Monetary Policy Committee (MPC), and analysis provided by the Reserve Bank to support those decisions. This includes MPC decision making and communication, the use of additional monetary policy tools, and the coordination of monetary and fiscal policy.”
Monetary policy experts Athanasios Orphanides and David Archer have been appointed to conduct the independent review.
Dr Orphanides is a former governor of the Central Bank of Cyprus and member of the Governing Council of the European Central Bank, and a professor of the Practice of Global Economics and Management at the Massachusetts Institute of Technology.
Mr Archer is a former Reserve Bank assistant governor and former head of the Central Banking Studies Unit at the Bank for International Settlements.
The review is expected to be completed in August 2026 and publicly released in September 2026.
Image credit: Towfiqu Barbhuiya
More waisted tax payers money…
Made more millionaires into billionaires
While the working class turned into the poor
Totally agree…. And they use OUR money to fund it when we know what needed to happen, but chose to follow the global plan anyway…
The covid-19 pandemic was not a major event. In reality it was not really a pandemic at all.
The major event was the orchestrated draconian and authoritarian response to this manufactured so called major event.
This review will already have a predestined outcome of how well they did considering and what they can do better next time they declare a false major event. Just a circus and a farce to keep the peasants and slaves amused while not mentioning the huge transfer of our wealth out of the country with negative returns economically, socially and health wise for the country.
100%
” Dr Orphanides is a former governor of the Central Bank of Cyprus and member of the Governing Council of the European Central Bank, and a professor of the Practice of Global Economics and Management at the Massachusetts Institute of Technology.
Mr Archer is a former Reserve Bank assistant governor and former head of the Central Banking Studies Unit at the Bank for International Settlements……………….. HA.HA.HA.HA ,independent
Exactly – IMF + WORLD BANK + BIS = WEF / davos ces pit.
Willis is dancing to the puppeteers of global control brought to you by robbety bob robinson and liardern.
Interesting to note that most “in demand industry” at davos is prostitution.
The most demanded elements of that are transvestites and similar cess pit dwellers!
Pedos cost more of course but money is no object to the globalist sexual pervert despots. It is your money after all.
And still the fluoride filled moronic, docile compliant fools in nz and elsewhere pathetically bleet “oh they wouldn’t do that would they???
Really – – stupidity begats stupidity – now go and get some more boosters cause you are not dead yet .
And while you are at it, the political puppets such as limp wrist luxon and collins – and yes seymour as well, will sign you up for more poisons.
As it is a bit tricky to increase the amount of fluoride neurotoxin in the water to render you even more docile and compliant PLUS reduce fertility – Yep need 300,000 more indians to bred out those pesky whiteys, so lets add some cyanide as well.
Will it kill you – yes but slowly.
BUT – It is low fat so got to be good for you – idiots!!!
The Government has instigated an independent review of (it’s) monetary policy response to the Covid-19 pandemic. Finance Minister Nicola Willis says the purpose of the review is to identify any lessons (The Government) could learn to improve the monetary policy response to future major events. The purpose of the review is to identify any lessons (The Government) could learn to improve the monetary policy response to future major events. Now that’s an oxymoron Willis.
Another crock of sh!t from a finance minister who is acting more and more like another crooked, self enriching, h clark minion.
Audit the fiscal policy to find out who got our $74.4 billion … you muppet!
Stop wasting our time with masking, bollox press releases, written by someone else, to be read by you off an a4 sheet.
Come on Kiwis, wake up and stop believing this dense thief. Otherwise you will wake up with no money!
There would have been no pandemic worldwide without money printing. Who benefits from debt?
Electioneering
Yep utterly crass electioneering of the worst kind….
How handy they have grown a sense of “performative” responsibility with an election right around the corner. This is really little more than whitewash on whitewash, each coat coming out of taxpayer money that be better spent on healthcare and education. Perhaps too they are trying to remind people of what Labour did, we wont forget. Nor will we forget you National, cheering them on and then driving the nation even further into debt.
Thanks again for reminding me why you National and Labour are a voting NO GO for me.
We’ve lived through (if you refused the clot shot that is) probably the greatest genocidal scam in all of human history.
Millions killed, millions injured and millions still dropping dead left right and centre.
Nobody has been held to account and possibly never will be.
Politicians, judicial, police, medi(kill) and media are all complicit and one day, whether it be in this life or the next, will face certain judgement.
And that will be that, we can dust off and rest assured there were only a few errors given extraordinary circumstances. You Ms Willis and your inquiry scam can f off!
A stinking snake-pit of f*cking serpents plotting for their planned “future major events”….
Say no more. Meanwhile NZ’s pathetic flock of scurrying spineless wimpering puppet voters continue bleating in cowardice whilst ticking boxes for their slimy national and labour puppet-masters… Baaaaa-aaa…. Baaaa-aaaa….
Adrian orr should be in jail.
Here it is, the real people who run our government “The Reserve Bank of New Zealand took unprecedented action”. Why does this foreign owned bank have any say in NZ money??
Independent, there’s a Tūī ad. , a forensic audit of the billions of taxpayers dollars would be something I could get behind, there’s people in this country that profited from the whole scam, just like the last lot open and transparent.
Sounds like the reserve bank investigating itself.