close
MENU
How to guide
How to guide
Home
The NBR List
NBR View
NBR Marketplace

Categories

Australia Business Comings and Goings Economics Investment Law NZ Aviation News Politics Professional Services Property Retail Tech & Innovation

Analysis

All Economy Matters Edwards on Politics Hunter’s Corner Last Word Margin Call On the Money Shoeshine Underarm NBR Focus

Featured

NBR View Audio Articles Entrepreneurs Your Business Beehive Banter Morning Brew Toil & Trouble NZ Aviation News Back Issues Market Outlook Dollars & Sense Private Bin Opinion (Archive) NBR Radar (Archive) NBR Rich List (Archive)
Margin Call
5 mins to read
1

Inflation response: Looks a lot like 1997 all over again

ANALYSIS: The RBNZ response to high levels of inflation the economy has been experiencing.

‘There is a real risk that this latest 0.50% OCR hike is the straw that breaks the camel’s back.’

Stephen Bennie Tue, 18 Apr 2023

Let’s jump back in time to 1997 when the Reserve Bank of New Zealand was just about to make a horrible policy error. The fallout from the error saw the RBNZ abandon its use of the Monetary Conditions Index for determining interest rate settings, and the sorry episode became the topic of case

Want to read more? It's easy.

Choose your best value subscription option

Student

Exclusive offer for uni students studying at a New Zealand university (valued at $499).
View terms and conditions.
Individual
Group membership
NBR Marketplace
NZ Aviation News

Yearly Premium Online Subscription

NZ$499.00 / yearly

Monthly Premium Online Subscription

NZ$44.95 / monthly

Smartphone Only Subscription

NZ$24.95 / monthly

Premium Group Membership 10 Users

NZ$350+GST / monthly

$35 per user - Pay by monthly credit card debit

Premium Group Membership 20 Users

NZ$600+GST / monthly

$30 per user - Pay by monthly credit card debit

Premium Group Membership 50 Users

NZ$1250+GST / monthly

$25 per user - Pay by monthly credit card debit

Premium Group Membership 100 Users

NZ$1875+GST / monthly

$18.75 per user - Pay by monthly credit card debit

Yearly Premium Online Subscription + NBR Marketplace

NZ$499.00 / yearly

Aviation News - Monthly

NZ$14.95 / monthly

Already have an account? Login
Stephen Bennie Tue, 18 Apr 2023
News tip? Question? Typo? Let us know: editor@nbr.co.nz
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
Tags
Margin Call Stephen Bennie inflation interest rates investment OCR Official Cash Rate RBNZ Monetary Conditions Index monetary policy statement
Related News
Margin Call
8

Pushpay shareholders forced to fight for offer’s ‘second coming’
Margin Call

There could be more margin crunch to come
Margin Call

Hold onto your undies, we’re coming in to land
Margin Call
6

America’s zombie banks
Margin Call
2

Inflation-linked bonds, revisited
Margin Call
1

Have banks hit peak margins?
Related News
Margin Call
8

Pushpay shareholders forced to fight for offer’s ‘second coming’
Margin Call

There could be more margin crunch to come
Margin Call

Hold onto your undies, we’re coming in to land
Margin Call
6

America’s zombie banks
Margin Call
2

Inflation-linked bonds, revisited
Margin Call
1

Have banks hit peak margins?
Inflation response: Looks a lot like 1997 all over again
Margin Call,
98643
true
Subscribe Login