Dawn chorus: Cullen wants RBNZ reform
Former Finance Minister says Reserve Bank is in direct conflict with Govt on inequality; He suggests the bank print and fund Govt spending on infrastructure and housing directly, as it did in 1935
TLDR: Morena: Former Finance Minister Michael Cullen, who has the ear of the PM and the Deputy PM, has called for a monetary policy rethink. He says the Reserve Bank’s money printing that has sparked another housing boom is in conflict with the Government’s attempts to reduce inequality.
He says the bank should instead directly fund Government investment…
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