| Through the post-Covid cost-of-living crisis, Australia’s central bank took a gentler approach than global peers to reining in inflation, managing to keep the economy close to full employment throughout — a rare feat that’s sparked debate about its viability as a model to tackle future crises. The RBA on Tuesday cut the key interest rate by 25bps to a two-year low of 3.85%, its second cut in the current easing cycle.  RBA Governor Michele Bullock during the IMF and World Bank Spring meetings in April Photographer: Kent Nishimura/Bloomberg New Zealand Finance Minister Nicola Willis is set to keep a a tight rein on spending in tomorrow’s budget, as uncertainty about global growth holds back a domestic recovery and restrains government revenue. She’ll deliver the budget at 2 p.m. Thursday in Wellington (12 p.m. in Sydney). AustralianSuper is bulking up its global private and listed equities teams, planning to add about half a dozen more staff this year to expand its London and New York offices, said Mark Hargraves, London-based head of international equities and private equity, in an interview. Australia’s decades-long Liberal-National tie-up will end after the leader of the National Party, David Littleproud, said his party won’t form another coalition agreement with the Liberal Party. Goldman Sachs Group’s head for New Zealand, Andrew Barclay, will leave the firm after more than 25 years. Nathan Bond, who joined the firm last year, will continue in his role as head of corporate advisory in New Zealand, according to a memo sent to staff on Tuesday. | 
