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TMM - News

Tony Alexander resigns from BNZ

Friday 27th of September 2019

The respected chief economist announced his departure in a statement this morning. Alexander has spent more than quarter of a century as the bank's chief economist, and is one of the main speakers at this year's TMM Better Business Conference on November 12.

He said: "After 26 and a half years, with almost 25 years as chief economist, and having achieved many of those goals I set out at the start, I’ve decided that in our world of disruption maybe it is time to disrupt myself and have made the call to resign from the BNZ."

Alexander said had seen "astounding" changes in the NZ economy over the past few decades, with "an upending of old economic models and structural changes in things such as average inflation, wages growth, house prices, and of course interest rates".

In one of his last comments, Alexander said one-year rates look an attractive option in the current market.

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Latest Comments
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Paul Flood: The danger is that the 'goalposts' (regarding what is acceptable or unacceptable adviser conduct) may be susceptible to change. Our 'Principles based' legal/regulatory environment lends itself to “prevalence-induced concept change” over time, perhaps not so much in the written laws and Code, as in the interpretation of the prescribed principles.
18 hours ago Steve Wright
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Just a tip, if you use more than six, six letter words in a sentence you lose most Kiwi's. So avoid client/adviser confusion when writing your post or article if you would like it read and understood. Ironically, my last sentence was not likely read.
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2 days ago Jon-Paul Hale
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To correct errors in my previous post: "policies, templates, and controls" should read "policies, processes, systems and controls", and "is more conductive" should read "is more conducive".
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