Incoming RBNZ Governor Orr: pleased with new target agreement
|Incoming Reserve Bank of Zealand (RBNZ) Governor Adrian Orr is speaking following the release of the newly-updated Policy Target Agreement (PTA).
Orr, who takes over the helm of the RBNZ on Tuesday, March 27th, says he's pleased with the strong focus on price stability still deeply in the PTA, while also noting that the current RBNZ model already takes employment into consideration, but now markets can expect to hear the RBNZ speak more specifically about jobs and job creation targets. Orr stated that the dual mandate of the RBNZ will not directly change monetary policy or targets, but it will impact upon decisions from time time. New Zealand's Finance Minister Robertson also noted that the RBNZ will continue to operate independently of the New Zealand government.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.