The Reserve Bank has cut its benchmark interest rate, to support the economy against the impact of the Covid-19 virus. The central bank cut its official cash rate to 0.25 percent from one percent. Governor Adrian Orr says the cut is necessary to support businesses and employment. The last time the Reserve Bank made such a big cut was in March 2011 after the Canterbury earthquake. Last week, the bank outlined a range of unconventional monetary policy tools such as negative interest rates, special loans to banks, and buying bonds to put money into the economy. Cameron Bagrie is an independent economist. He speaks to Susie Ferguson.
MAGGIE BARRY to the Minister of Finance: What reports has he received on the economy?
Rt Hon WINSTON PETERS to the Minister of Māori Affairs: Is he satisfied with the financial management of the Whānau Integration, Innovation and Engagement Fund, administered by Te Puni Kōkiri?
Hon DAVID PARKER to the Minister of Finance: What is the projected growth, if any, of New Zealand’s international liabilities under this Government’s policies, and what are the components of those liabilities?
EUGENIE SAGE to the Minister for the Environment: Is water quality in New Zealand being negatively affected by livestock in rivers and lakes?
Dr CAM CALDER to the Minister of Corrections: What progress has been made on the proposal to build a public-private prison at Wiri?
Hon PHIL GOFF to the Minister of Foreign Affairs: Will proposed changes to the Ministry of Foreign Affairs and Trade undermine its ability to carry out its role in promoting New Zealand’s trade, security and consular interests?
LOUISE UPSTON to the Minister of Women's Affairs: What commitment is the Government willing to make to increase the number of women on State sector boards?
DENIS O'ROURKE to the Minister for Canterbury Earthquake Recovery: Is he satisfied with the rate of progress of the Christchurch earthquake recovery?
Dr KENNEDY GRAHAM to the Minister for Climate Change Issues: Did New Zealand meet the 28 February deadline for its submission to the United Nations on increasing the level of ambition in global greenhouse gas mitigation, as agreed by parties in the Durban Platform for Enhanced Action; if not, why not?
DARIEN FENTON to the Minister of Labour: Does she stand by her answer to Written Question No 00916 (2012) that “the Government is focused on building a more competitive economy, which will lead to more jobs and higher wages”?
JOHN HAYES to the Minister of Defence: What updates can he give on new Defence Force capability?
CLARE CURRAN to the Minister of Broadcasting: Is he confident that current Government broadcasting policy upholds the standards of an independent and free press; if so, why?
