The Kākā by Bernard Hickey
The Kākā by Bernard Hickey
The week that was for the week's end
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The week that was for the week's end

In which I take a hoon around our political economy with Stuff Political Editor Luke Malpass, including chats on the lockdown, the RBNZ's last-minute pivot to holding the OCR & the Govt's fiscal plans

TLDR & TLDL: In this week’s ‘hoon’ (the plural of Kākā) around the political economy, I have a chat with Stuff Political Editor Luke Malpass, including the snap lockdown, the RBNZ's last-minute pivot to holding the OCR and the Govt's fiscal plans.

We talk quite a lot about differences between the lockdowns in News South Wales and New Zealand, the politics of lockdowns and the monetary and fiscal policy responses to the delta outbreak.

Our conversation was recorded just before midday today, so doesn’t include the latest from the 3pm news conference on the delta outbreak.

Stuff Political Editor Luke Malpass. He previously worked as the Australian Financial Review’s economics leader writer.

And here’s the highlights of the week on The Kākā in reverse order.

The Kākā by Bernard Hickey
Dawn Chorus: RBNZ warns of house price falls...eventually
Listen now (21 min) | TLDL & TLDR: The Reserve Bank went out of its way yesterday, as it held the OCR at 0.25%, to warn buyers that the housing market ‘appears to be above its sustainable level,’ but it did not go as far as forecasting a massive return to reality. It actually sees house prices 5% higher in three years than it does now, albeit falling towards the end of that …
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The Kākā by Bernard Hickey
Dawn Chorus: The disappearing rate hikes
Listen now (11 min) | TLDR & TLDL: Well…that escalated. We’re all now in level four lockdown for at least three days after the discovery of a single Covid-19 case in Auckland was announced yesterday afternoon. Four more cases in Auckland were disclosed this morning by the Prime Minister, including one hospital worker. Auckland’s lockdown is scheduled for seven days, but now …
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The Kākā by Bernard Hickey
Dawn Chorus: Our perfect cage
Listen now (14 min) | TLDR & TLDL: Last week’s ‘Reconnecting to the world’ announcements of an even harder pivot to elimination and signs the delta variant is hitting the young hard overseas poses some tough questions about when and how we can reopen Fortress NZ. Currently, the plan is to start cautiously easing MIQ restrictions once every adult has had a chance to vaccinate…
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The Kākā by Bernard Hickey
Dawn Chorus: Starting the rate hikes
Listen now (7 min) | TLDR: This Wednesday everyone is expecting the Reserve Bank to start hiking rates all the way up to 1.5-2.0% by the end of next year, although the global economic environment is being buffeted by the delta strains and our own elimination strategy looks to have locked down Fortress NZ until well into next year…
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Some longer reads and listens for the weekend


Some fun things

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