When everyone feels that risks are at their minimum, over-confidence can take over and elementary precautions start to get watered down..

For years I have made the point that progress in winding back economic slack is made not by high growth in any individual year, but by maintaining an….

A government cannot be expected to allow independence to its central bank unless that bank is also accountable to it and to the wider public. That is….

Most of us at the Reserve Bank come from a background in economics and hence have a predisposition in favour of free markets and a sceptical attitude….

For equity markets, the combination of low interest rates, strong economic growth and low inflation has proved very beneficial, with global share mar….

Banks and other providers of credit to households have been competing vigorously to expand or protect their market share. In the process, lending sta….

If people can't abide by the confidentiality of the cabinet room, then they should leave the cabinet..