Pages tagged “Reserve Bank”

1. Reserve Bank hike shows why Labour’s spending plans are dangerous

   Posted in NEWS by NZTU Media | September 2, 2026

   Responding to the Reserve Bank’s decision to raise the Official Cash Rate by 25 basis points to 2.75 percent, Taxpayers’ Union spokesperson Tory Relf said:“Another OCR hike is a reminder that governments cannot spend their way to prosperity. Excessive government spending helped fuel inflation,...

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2. Taxpayers’ Union welcomes review of Reserve Bank’s COVID-era actions

   Posted in NEWS by NZTU Media | February 11, 2026

   Responding to the Minister of Finance’s announcement today of an independent review into COVID-19 monetary policy, Taxpayers’ Union spokesperson James Ross said the review is “long overdue”.“The Reserve Bank pumped far too much money into the economy. The result was a surge in asset...

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3. $56 million price tag for half-full Reserve Bank office

   Posted in NEWS by NZTU Media | November 11, 2025

   The New Zealand Taxpayers’ Union is calling out the Reserve Bank of New Zealand for more than quadrupling its Auckland lease costs under former Governor Adrian Orr’s 10-year Britomart lease.Taxpayers’ Union Investigations Coordinator Rhys Hurley said:“Even after he’s gone, Taxpayers are once again forced to underwrite...

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4. Second golden handshake in two months: Minister Collins must act

   Posted in NEWS by NZTU Media | November 4, 2025

   The Taxpayers’ Union is slamming news of another taxpayer-funded payout, this time to Reserve Bank Deputy Governor Christian Hawkesby, calling it the second golden handshake revealed in as many months.Taxpayers’ Union spokesperson Tory Relf said:“This is déjà vu for taxpayers. Just weeks after Adrian...

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5. Digital Cash in New Zealand

   Posted in SUBMISSIONS by Tory Relf | July 25, 2024

   Digital cash is a proposed Central Bank Digital Currency, an electronic version of the New Zealand dollar issued by the Reserve Bank. Unlike physical cash, every transaction would leave a digital footprint, creating a direct link between the government and individual users. The Taxpayers’...

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