NZ's Finance Minister Robertson: no desire to have NZD included in the RBNZ review

Ross J Burland FXStreet

NZ's Finance Minister Robertson has been crossing the wires.

Key statements:

RBNZ's spencer re-sign policy target pact
Announces 2-phase review of RBNZ mandate
Phase-1 to focus on employment, committee
Phase-1 to review whether board role needs to change
Says govt committed to price stability framework
Confirms RBNZ review to include maximising employment as goal
Says a bill on the policy elements of the RBNZ review will be introduced as soon as possible in 2018
Aims to publish minutes of RBNZ policy meetings
No desire to have nz$ included in the RBNZ review
Will not have a specific number for the RBNZ employment target
Says to retain the 1-3 pct inflation target for RBNZ
The review should not have a dramatic impact on RBNZ policy in near term
Says in some circumstances, RBNZ changes could lead to lower rates than otherwise

Author

Ross J Burland

FXStreet

Ross J Burland, born in England, UK, is a sportsman at heart. He played Rugby and Judo for his county, Kent and the South East of England Rugby team.

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