Perspective with Ryan Bridge: Can Anna Breman turn the economy around?

The Swedes do central banking a little different to us, and I reckon it's good news we've got a Swede in charge.

Riksbank - their RBNZ equivalent - is really big on this thing called transparency.

There's three things to know - this is stuff they do that we don't, currently.

1. They rank amongst best performing on openness and honesty in the world.
2. They publish an actual forward forecast for the OCR - we don't.
3. They publish alternative scenarios and minutes. In the minutes, you get to see which of these guys voted which way and their justifications for dong so.

Currently, we don't even get to know which way the committee members voted, let alone why. And remember, the Fed in the US and the Bank of England do - as does Riksbank.

So here's hoping the Swede in charge will help shake things up and that changes will be made and sunlight will be shone.

A new dawn, perhaps, for 2 The Terrace, after a dark and cloudy rollercoaster ride of terror under Adrian Orr.

Her name is Anna Breman and her CV reads as you'd expect - current 2IC of Riksbank in her home country. And she's held academic jobs and been the Chief Economist at a retail bank.

She's moving here with the family. Which is nice - but I don't know how NZ First will feel about us importing another migrant for a Kiwi job.

The reality is, most of the heavy lifting will - hopefully - have been done by the time she sits down for her first briefing on December 1st.

We've got two more reviews under Hawkesby in October and November. Then he's gone. Not just from the top job, but the bank entirely. And then they shut up shop for Christmas till February.

Let's hope as she enjoys what I'm sure will be a welcome sunny Kiwi summer, she brings a bit of that sunshine - the best disinfectant in town - to 2, The Terrace.

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Episode Transcript

Speaker 1 (00:00):
The Swedes do central banking a little different to us,
and I reckon it's good news that we've got a
Swede in charge. Ricks Bank, which is basically their RBNZT equivalent,
is really big on this little thing called transparency. Three
things to know. This is stuff they do that we don't.
Currently they rank in number one amongst the best performing

(00:21):
on openness and honesty in the world. Number two, they
publish an actual Ford forecast for the ocr we don't.
And number three they publish alternative scenarios and minutes. In
the minutes, you get to see which of these guys
voted which way and their justifications for doing so. Currently,
we don't get to know which way the committee members voted,

(00:43):
let alone why. And remember it's not just rixmank that
does this, it's the FED in the US, the Bank
of England. They all reveal who, some even reveal why,
So why don't we. Here's hoping the Swede in charge
will help shape things up. Changes will be made, Sunlight
will be shone, a new dawn perhaps for number two.

(01:04):
The terrace after a dark and cloudy, let's face it,
roller coaster ride of terror under Adrian Or. Her name
is Aarna breman Cev reads as you'd expect current who
I see of the bank in her home country, the
central Bank, there, academic jobs, chief economist at a retail bank.
She's moving here with her family, which is nice, good
to see. I don't know how news did on first

(01:26):
will feel about us importing another migrant for a Kiwi job,
but there we go, so reality is most of the
heavy lifting. By the time she gets their feet under
the desk December first, will hopefully have been done two
more reviews under hawksby October November. Then he's gone, not
just from the top job, but from the bank entirely.
And then they shut up shop, of course for Christmas

(01:47):
till February. Let's hope as she enjoys what I'm sure
will be a welcome sunny Kiwi summer, she brings a
bit of that sunshine, after all, the best disinfectant to
number two the Terrace, Wellington. For more from Hither Duplessy
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