It updates a similar report produced by Berl in 2013, and compliments other recent Māori economy research such as the Te Matapaeroa report from Te Puni Kōkiri (2020). The report shows that Te Ōhanga Māori has grown in value from $ in 2013, to $ in 2018. But more important are the themes of vibrancy, variety, and growth that challenge historical stereotypes.
This portfolio rebalancing can affect the price of other assets and international capital flows, as well as the exchange rate. Given these considerations, the Board judged it was now appropriate to combine the three-year yield target with QE further out along the yield curve. Is the RBA now out of firepower? The short answer here again is no.