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Date: 2011

From: Bromhead, Peter, 1933- :Digital cartoons

Reference: DCDL-0017257

Description: Representing 'the economy' a man on a high trapeze grabs desperately for a rope representing 'interest rates'. The pole from which his high wire is suspended is made up of several broken pieces taped together with 'No. 8 wire'; they represent 'food prices', 'fuel hikes', 'earthquakes', and 'recession' and are capped with a flag that represents 'the dollar'. Context - The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011) Quantity: 1 digital cartoon(s).

Date: 2010

From: Bromhead, Peter, 1933- :Digital cartoons

Reference: DCDL-0016060

Description: Two men chat over a drink at the pub. One comments that the 'dollar is looking pretty strong these days' and the other thinks it a pity they don't have any. The economic recovery has placed the banks in a stronger position to meet demand for lending and support economic growth, Reserve Bank governor Alan Bollard says.But the focus on debt reduction by consumers and businesses world-wide could risk the global recovery, Dr Bollard said.Rebalancing of the domestic economy is continuing, but the high New Zealand dollar is not helping, Dr Bollard said at the release of the latest Financial Stability Report. Quantity: 1 digital cartoon(s).

Date: 2011

From: Hubbard, James, 1949-: Digital caricatures and cartoons

Reference: DCDL-0017266

Description: Finance Minister Bill English scratches his head with frustration as he stands up to his chest in earthquake rubble that represents the 'economy'. Allan Bollard the Governor of the Reserve Bank appears in gumboots asking if he can 'help with rebuilding..? by making an 'OCR cut'; he holds a collection box labeled 'OCR cut'. Context - Two earthquakes and hundreds of aftershocks have hit Christchurch, the first on 4 September 2010 and a second more devastating one on 22 February 2011. The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011) Quantity: 1 digital cartoon(s).

Date: 2011

From: Evans, Malcolm Paul, 1945- :Digital cartoons

Reference: DCDL-0017272

Description: Governor of the Reserve Bank Allan Bollard holds a spade over his shoulder and a roll of toilet paper in his hand. Text reads 'Reserve Bank governor moves to restore confidence after the quake -' and Bollard says '..past the silver beet, left at the last of the beans and it's right by the caulis!' The little Evans man says 'What a relief!' Context - Two earthquakes and hundreds of aftershocks have hit Christchurch, the first on 4 September 2010 and a second more devastating one on 22 February 2011. Toilets have been a real problem after the earthquakes with thousands of chemical toilets and portaloos being shipped in - some people, however, use the old kiwi method of digging a long-drop in the back garden. The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011) Colour and black and white versions available Quantity: 2 digital cartoon(s).

Date: 2011

From: Crichton, Anna, 1957- :Digital cartoons

Reference: DCDL-0017283

Description: A caricature of Alan Bollard the Governor of the Reserve Bank. Behind him small people in silhouette raise their fists and shout while he jambs a cork into a fizzing test tube. Context - The test tube fizz represents inflation and the people are those trying to influence Bollard's decision about whether to lower interest rates now or not. This cartoon and article were drawn and written the day before the decision was made to indeed lower interest rates. The cartoon was drawn to accompany an article by journalist Nick who thinks that Bollard's task, in contrast to the Government's, is to use monetary policy to deliver price stability and keep a lid on inflation. (Nick Smith When the pressure goes on - resist' in NZ Herald 21 March 2011) Published in the NZ Herald business column 11 March 2011 Quantity: 1 digital cartoon(s).

Date: 2011

From: Bromhead, Peter, 1933- :Digital cartoons

Reference: DCDL-0016984

Description: Two crocodiles bite each other's tails; one represents 'unemployment figures' and the other 'The economy improving'. Context - 'New Zealand's jobless rate unexpectedly widened in the fourth quarter, sparking a sell-off in the kiwi dollar which dropped as much as half a cent on the release as the country's economic recovery struggles to take hold'. 'The Reserve Bank is forecasting a return to growth this year after the economy narrowly avoided recession in 2010. The implication of the cartoon is that the 'unemployment figures' would seem to cast doubt over a claim to an improved economy. Quantity: 1 digital cartoon(s).

Date: 2011

From: Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers

Reference: DCDL-0017220

Description: Text reads 'A plunge against the greenback after interest rate comments' and the cartoon shows the words 'NZ DOLLAR' from which the 'o', represented by a one dollar coin, has slipped. The kiwi on the coin says 'cent-less behaviour'. Context - The New Zealand dollar fell 0.8 percent to 74.10 U.S. cents as of 4:59 p.m. in Wellington from 74.72 cents yesterday in New York. Key's remarks were his most explicit on the outlook for borrowing costs since the Feb. 22 temblor devastated New Zealand's second-largest city. The central bank has kept rates unchanged since July after two increases in the middle of last year, and a reduction would contrast with steps by counterparts around the world to check escalating inflation pressures. The Prime Minister was criticised for saying he was expecting a cut and would welcome it. The Reserve Bank is supposed to be completely independent of the government. (Business Week 2 March and TVNZ 7 March 2011) Quantity: 1 digital cartoon(s).

Date: 2011

From: Winter, Mark, 1958- : Digital cartoons published in the Southland Times and other papers

Reference: DCDL-0017281

Description: Text top left reads 'Downsizemic activity' and a seismic graph zigzags wildly but gradually tails off into the words 'Interest rates' which take a serious downwards trend. Context - The Christchurch earthquakes of 4 September 2010 and 22 February 2011 which have had an impact on an already stagnating economy. The Reserve Bank has made a relatively large 50-point cut in its benchmark interest rate, the Official Cash Rate (from 3% to 2.5 per cent). Critics say that inflation is already running unacceptably high and there is a threat of much higher inflation in a year or two when the rebuilding of Christchurch begins to put pressure on limited resources. The Reserve Bank acknowledged these factors, but it has chosen instead to focus on the immediate impact of the earthquake on the economy and particularly on all-important business and consumer sentiment. (Press editorial 12 March 2011) Quantity: 1 digital cartoon(s).

Date: 2010

From: Scott, Thomas, 1947- :[Digital cartoons published in the Dominion Post]

Reference: DCDL-0016073

Description: Prime Minister John Key and Governor of the Reserve Bank Alan Bollard are flying in a hot air balloon. John Key starts by declaring that he cannot interfere but then proceeds to do so by asking Alan Bollard to have the Reserve Bank devalue the Kiwi dollar. Alan Bollard wishes he could throw Key out of the basket but thinks it would make things worse. The surge in the kiwi dollar is related to the weak US currency rather than New Zealand's economy. Prime Minister John Key says the Government has no intention of intervening to try to bring down the New Zealand dollar, despite acknowledging the huge pressure the strong currency is putting on exporters. Mr Key says he has had no advice so far about the Reserve Bank increasing the cash supply in order to cheapen the New Zealand dollar. (Radio New Zealand News 1 November 2010) Bollard said the kiwi's strength against the US dollar, and recent volatility on a trade-weighted basis was outside the central bank's control and he talked down the ability of the Bank to push down the currency through intervention. (TVNZ 10 November 2010) Quantity: 1 digital cartoon(s).