Wednesday, 06 November 2024 12:55

Leaky waka

Written by  The Hound

OPINION: Was the ASB Economic Weekly throwing shade on Reserve Bank governor Adrian Orr when reporting on his speech in Washington recently?

Certainly, the speech warranted some lampooning, with Orr waxing lyrical about the great voyages of NZ's Polynesian ancestors being similar to the journey of central bankers during uncertain times.

Carrying on Orr's waka analogy, the Economic Weekly notes, "he didn't seem worried bout spending three months in a leaky boat between the November and February OCR decisions".

As the Weekly report says, Orr warned that people tended to put too much stock in the RBNZ's "central projection" and not enough in "the storytelling around uncertainties and risks detailed in the full statements".

This waffle is reminiscent of when Orr compared the Reserve Bank to a Kauri tree, and is a hallmark of the widely criticised governor.

More like this

Dodgy!

OPINION: If you believe Maori Party president John Tamihere’s claim that “nothing dodgy” occurred at Manurewa Marae during the last election, the Hound has a bridge to sell you.

Oblivious

OPINION: Despite clear and negative feedback from the peasantry, the mainstream media have decided that their excrement doesn’t stink and they’re going to continue riding their moral high horse into oblivion.

Non, Paris!

OPINION: Critics of NZ’s commitment to the Paris Accord, such as Groundswell and others, continue to push for an exemption for ag, arguing that the threat of trade retaliation is more hypothetical than real.

Waffle man

OPINION: Prime Minister Christopher Luxon sometimes can't escape his own corporate instinct for evasion, and in what should have been a soft interview with ZB's Mike Hosking, Luxon unnecessarily "made a meal of it", to paraphrase Hosking.

Banks on notice

OPINION: Shane 'Matua' Jones, crusader against all things woke, including "woke banks", couldn't have scripted it better when his NZ First colleague Andy Foster had his Members' Bill drawn from the ballot recently.

Featured

Pāmu farm opens gate to urban visitors

For many urban New Zealanders, stepping into Pāmu’s Pinta dairy farm near Taupo last month was the first time they had had the chance to experience farm life up close.

National

Machinery & Products

Alpego eyes electric power harrow

Distributed by OriginAg in New Zealand, Italian manufacturer Alpego recently showed its three metre Alysium electric power harrow at the…

» Latest Print Issues Online

The Hound

Dodgy!

OPINION: If you believe Maori Party president John Tamihere’s claim that “nothing dodgy” occurred at Manurewa Marae during the last…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter