NZ FinMin Robertson: NZ Govt committed to 1-3% inflation band
Comments from New Zealand Finance Minister Grant Robertson are crossing the wires now, via Reuters, expressing his take on the RBNZ’s price target and monetary policy.
2% inflation focus could be up for discussion.
NZ Govt committed to 1-3% inflation band.
Dual mandate may see a looser policy in some measures.
RBNZ board expects to recommend new governor by Xmas.
"I don't have a proposal at this stage to change the midpoint, but I'm sure when I sit down with a new governor that may be a topic that comes up. It is possible for us to take another look at that when a new governor is appointed."