In the last month we highlighted climate risks amongst audiences such as the NZ Australia Chartered Accountants, the New Zealand Bankers’ Association, and the G30.18 Our collaborative climate change work is also expanding with the New Zealand Council of Financial Regulators, as well as internationally as a member of the Sustainable Insurance Forum (SIF), and the Network for Greening the Financial System (NGFS).
2 At a time when the unemployment rate has fallen from 8.2 percent to 4.9 percent, inflation has undershot our 2 percent target now for 51 straight months.3 In other words, the Phillips curve appears to be flatter today than it was previously.