Bernard Hickey

English says central banks grappling with low inflation; NZ in better position than most as "RBNZ still has room to move if needed"

English says central banks grappling with low inflation; NZ in better position than most as "RBNZ still has room to move if needed"

Auckland Council decides to withdraw 'up-zoned' version of Unitary Plan from Independent Hearing Panel process; Councillors vote 13-8 to pull new 'denser' maps from Unitary Plan process; young renters pitted against old property owners in 6 hour meeting

Auckland Council decides to withdraw 'up-zoned' version of Unitary Plan from Independent Hearing Panel process; Councillors vote 13-8 to pull new 'denser' maps from Unitary Plan process; young renters pitted against old property owners in 6 hour meeting

Bernard Hickey explains why falling inflation expectations falling towards 0% and below is problem for everyone and why the Reserve Bank should care and act

Bernard Hickey explains why falling inflation expectations falling towards 0% and below is problem for everyone and why the Reserve Bank should care and act

Treasury reports Budget Deficit of NZ$889 mln in six months to December; NZ$92 mln more than expected; lower interest rates a factor; cash deficit also higher than expected; low inflation taking its toll

Treasury reports Budget Deficit of NZ$889 mln in six months to December; NZ$92 mln more than expected; lower interest rates a factor; cash deficit also higher than expected; low inflation taking its toll

Housing and Building Minister quizzed in Parliament over revolt within Auckland Council against housing intensification; says supports intensification in leafy Eastern and Northern Suburbs; Key keener on intensification in CBD, West Auckland

Housing and Building Minister quizzed in Parliament over revolt within Auckland Council against housing intensification; says supports intensification in leafy Eastern and Northern Suburbs; Key keener on intensification in CBD, West Auckland

Bernard's Top 10: Why the invoices don't match; The lives and styles of the Fuerdai of Vancouver; The amazing Chuck Blazer; The campaign to dethrone King Cash; Just cancel bank notes?; The Cheese Police find wood pulp; John Oliver's ode to Steven Joyce

Bernard's Top 10: Why the invoices don't match; The lives and styles of the Fuerdai of Vancouver; The amazing Chuck Blazer; The campaign to dethrone King Cash; Just cancel bank notes?; The Cheese Police find wood pulp; John Oliver's ode to Steven Joyce

Minister calls on Auckland Council to 'stay the course' on building 'up and out'; says Council needs to deliver Unitary Plan before expiry of Special Housing Areas in Sept 2016; Key more equivocal; sees intensification in CBD, West Auckland

Minister calls on Auckland Council to 'stay the course' on building 'up and out'; says Council needs to deliver Unitary Plan before expiry of Special Housing Areas in Sept 2016; Key more equivocal; sees intensification in CBD, West Auckland

PM says he's surprised currency has not fallen yet in line with 10-20% fall in dairy prices in recent weeks; says relative tightening of NZ monetary policy something for RBNZ Governor Graeme Wheeler to "keep and eye on"

PM says he's surprised currency has not fallen yet in line with 10-20% fall in dairy prices in recent weeks; says relative tightening of NZ monetary policy something for RBNZ Governor Graeme Wheeler to "keep and eye on"

Auckland Councillors wobble on intensification plan; Major plank of Govt's housing supply strategy under threat; National supporters sabotaging plan; Property Council accuses Baby Boomer Councillors of locking out next generation

Auckland Councillors wobble on intensification plan; Major plank of Govt's housing supply strategy under threat; National supporters sabotaging plan; Property Council accuses Baby Boomer Councillors of locking out next generation

Bernard Hickey argues the RBNZ is failing to hit its current inflation target and either needs a new target or a new way to achieve its current one

Bernard Hickey argues the RBNZ is failing to hit its current inflation target and either needs a new target or a new way to achieve its current one

Bernard's Top 10: The problem with CoCos; Deutsche Bank's astonishingly high leverage; How long will China's currency reserves last?; The problem of China's unpaid migrant workers; Get rid of the big notes; Clarke and Dawe on Europe's debt crisis

Bernard's Top 10: The problem with CoCos; Deutsche Bank's astonishingly high leverage; How long will China's currency reserves last?; The problem of China's unpaid migrant workers; Get rid of the big notes; Clarke and Dawe on Europe's debt crisis

English sees no need to change Policy Targets Agreement around inflation; says RBNZ not trying to shift goal-posts; says happy to see debate over measuring inflation and targeting inflation, but no plans for change now

English sees no need to change Policy Targets Agreement around inflation; says RBNZ not trying to shift goal-posts; says happy to see debate over measuring inflation and targeting inflation, but no plans for change now

Bernard Hickey suggests removing cash and adopting a blockchain-type system for transactions and savings accounts that is set up and hosted by the central bank to combat deflation, tax evasion and crime

Bernard Hickey suggests removing cash and adopting a blockchain-type system for transactions and savings accounts that is set up and hosted by the central bank to combat deflation, tax evasion and crime

Governor says will interpret 1-3% inflation target flexibly in defiant speech; says won’t be ‘mechanistic’ about cutting rates just because CPI inflation below 1-3% target; Auckland still a financial stability risk

Governor says will interpret 1-3% inflation target flexibly in defiant speech; says won’t be ‘mechanistic’ about cutting rates just because CPI inflation below 1-3% target; Auckland still a financial stability risk

PM says 15% dairy price fall this year linked to lower oil prices, which helps consumers; says RBNZ will be monitoring dairy prices; says no need to exclude foreign land buying from TPP as NZ can still impose big taxes on buyers, but no plans to for now

PM says 15% dairy price fall this year linked to lower oil prices, which helps consumers; says RBNZ will be monitoring dairy prices; says no need to exclude foreign land buying from TPP as NZ can still impose big taxes on buyers, but no plans to for now

Statistics NZ reports record high net migration in 2015 year; seasonally adjusted net migration 5,500 in Dec, down from 6,200 in Nov; Net migration from Australia at 800 in 2015; highest since Oct 1991; Tourism up 10% in 2015

Statistics NZ reports record high net migration in 2015 year; seasonally adjusted net migration 5,500 in Dec, down from 6,200 in Nov; Net migration from Australia at 800 in 2015; highest since Oct 1991; Tourism up 10% in 2015

The Big Short reminds us all what hubris about over-valued housing looks like. Bernard Hickey looks at whether Auckland's property perma-bulls are as guilty now as the US ones were in 2005-06

The Big Short reminds us all what hubris about over-valued housing looks like. Bernard Hickey looks at whether Auckland's property perma-bulls are as guilty now as the US ones were in 2005-06

Bernard's Top 10: The losers are revolting; China's capital flight; The big invoicing scam; China's impossible trinity vs US$3 trln of reserves; The winner-takes-all economy; How Robots will drive interest rates lower; Clarke and Dawe

Bernard's Top 10: The losers are revolting; China's capital flight; The big invoicing scam; China's impossible trinity vs US$3 trln of reserves; The winner-takes-all economy; How Robots will drive interest rates lower; Clarke and Dawe

RBNZ holds OCR at 2.5% as expected; says “some further easing may be required” as headline inflation track is now lower than forecast in Dec; says Auckland still a financial stability risk

RBNZ holds OCR at 2.5% as expected; says “some further easing may be required” as headline inflation track is now lower than forecast in Dec; says Auckland still a financial stability risk

Key announces earlier starts to Auckland City Rail Link project and East-West motorway connecting Penrose to Onehunga; extra NZ$115 mln planned for regional roads

Key announces earlier starts to Auckland City Rail Link project and East-West motorway connecting Penrose to Onehunga; extra NZ$115 mln planned for regional roads

Treasury reports budget deficit for five months to November of NZ$1.64 bln; deficit NZ$383 mln worse than expected after corporate tax disappoints and interest earnings less than expected

Treasury reports budget deficit for five months to November of NZ$1.64 bln; deficit NZ$383 mln worse than expected after corporate tax disappoints and interest earnings less than expected

PM says report showing Auckland 4th least affordable in world reflects demand for Auckland as international city; Govt 'pulling all the levers it can'; first home buyers can still get on ladder; was just the same under Labour

PM says report showing Auckland 4th least affordable in world reflects demand for Auckland as international city; Govt 'pulling all the levers it can'; first home buyers can still get on ladder; was just the same under Labour

Bernard Hickey looks at an unsettling prediction that the new winner-takes-all economy of robots and algorithms may actually be a net destroyer of jobs

Bernard Hickey looks at an unsettling prediction that the new winner-takes-all economy of robots and algorithms may actually be a net destroyer of jobs

Labour Finance Spokesman says Dec qtr deflation data making a farce of NZ monetary policy; calls for re-think of pure inflation targeting; repeats call to broaden target to include job creation; HSBC says RBNZ credibility in question

Labour Finance Spokesman says Dec qtr deflation data making a farce of NZ monetary policy; calls for re-think of pure inflation targeting; repeats call to broaden target to include job creation; HSBC says RBNZ credibility in question

Statistics NZ reports CPI fell 0.5% in qtr and rose 0.1% from year ago; lower than forecasts; food and petrol price falls main drivers; housing costs up 2.5%; Auckland rents up 3.3%

Statistics NZ reports CPI fell 0.5% in qtr and rose 0.1% from year ago; lower than forecasts; food and petrol price falls main drivers; housing costs up 2.5%; Auckland rents up 3.3%