The Government's announced an independent review of the fiscal response to the Covid pandemic. 

Finance Minister Nicola Willis says it will look at any lessons the country could learn to improve its monetary policy response to future events. 

It will probe decisions by the Reserve Bank's Monetary Policy Committee and advice it received – including the decision to print $55 billion in digital money during the pandemic. 

Graeme, a caller on Kerre Woodham Mornings, decided to break down exactly how the concept of “printing money” works, what impact it has on the market, and the impact it had during Covid. 

LISTEN ABOVE 

The Government's announced an independent review of the fiscal response to the Covid pandemic.&nbsp;
Finance Minister Nicola Willis says it will look at any lessons the country could learn to improve its monetary policy response to future events.&nbsp;
It will probe decisions by the Reserve Bank's Monetary Policy Committee and advice it received &ndash; including the decision to print $55 billion in digital money during the pandemic.&nbsp;
Graeme, a caller on Kerre Woodham Mornings, decided to break down exactly how the concept of &ldquo;printing money&rdquo; works, what impact it has on the market, and the impact it had during Covid.&nbsp;
LISTEN ABOVE&nbsp;

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Looking for actionable business insights all in one place? 
We're here to help you find a way with a curation of the &lsquo;best bits&rsquo; from top business podcasts. 
Save time searching; subscribe to the SME Stream where you can listen to relevant, timely, business-related content today.&nbsp;
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Graeme: Caller breaks down the Reserve Bank Covid inquiry, what money does, and the impact on the economy

Inflation could hit 3.7% under Treasury’s ‘worst-case’ inflation scenario. 

It’s while petrol prices have risen about 45 to 50 cents a litre, adding about $23 to the price of filling an average car.  

Finance Minister Nicola Willis has outlined the government's priorities - First a focus on supply chains, then potential and anticipated freight disruptions, and lastly our economic response.   

Ministers are meeting daily, written situation updates twice-daily, they’re working closely with importers – we're being told not to panic. 

But, after criticising the last government to no end about its economic decisions during the pandemic - what tools does this government have to ease cost-of living pressures? 

Today on The Front Page, NZ Herald business editor at large Liam Dann is with us to talk through what we could do next. 

Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.

You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.

Host: Chelsea Daniels
Editor/Producer: Richard Martin
Producer: Jane Yee

Inflation could hit 3.7% under Treasury&rsquo;s &lsquo;worst-case&rsquo; inflation scenario.&nbsp;
It&rsquo;s&nbsp;while petrol prices have risen about 45&nbsp;to&nbsp;50 cents a&nbsp;litre, adding about $23 to the price of filling an average car.&nbsp;&nbsp;
Finance Minister Nicola Willis&nbsp;has outlined the government's priorities - First a focus on supply chains, then potential and&nbsp;anticipated&nbsp;freight disruptions, and lastly our economic response.&nbsp;&nbsp;&nbsp;
Ministers are meeting daily, written situation updates twice-daily,&nbsp;they&rsquo;re&nbsp;working closely with importers &ndash;&nbsp;we're&nbsp;being told not to panic.&nbsp;
But, after&nbsp;criticising&nbsp;the last government to no&nbsp;end about&nbsp;its economic decisions during the pandemic -&nbsp;what tools does this&nbsp;government have to ease cost-of living pressures?&nbsp;
Today on The Front Page, NZ Herald business editor at large Liam Dann is with us to talk through what we could do next.&nbsp;
Follow The Front Page on iHeartRadio, Apple Podcasts, Spotify or wherever you get your podcasts.
You can read more about this and other stories in the New Zealand Herald, online at nzherald.co.nz, or tune in to news bulletins across the NZME network.
Host: Chelsea Daniels Editor/Producer: Richard Martin Producer: Jane Yee

Graeme: Caller breaks down the Reserve Bank Covid inquiry, what money does, and the impact on the economy

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