Arthur Grimes on New Reserve Bank Policy Targets

Mar 26, 2018

In a controversial move, the Reserve Bank will include full employment in its policy targets, rather than focusing solely on price stability. The bank will also move to policy by committee instead of leaving interest rate decisions to the governor alone.

Arthur Grimes was in the media in response to this new mandate for the RBNZ:

• Newsroom - Reserve Bank ends total focus on price stability
• RNZ - Govt gives RBNZ biggest shakeup in 30 years and Changes to the way interest rates are set to be revealed
• Gordon Campbell on the hype about the Reserve Bank’s new governor