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.

LISTEN ABOVE

The podcasts in the SME Stream contain general information only, not financial or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts. 

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.&nbsp;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&nbsp;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.
LISTEN ABOVE
The podcasts in the SME Stream contain&nbsp;general information only, not financial&nbsp;or professional advice. Any opinions expressed in the podcasts are not necessarily shared by BNZ, or its related entities. BNZ is not liable for any losses resulting from the content of the podcasts.&nbsp;

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