Could Wheeler be last RBNZ governor to call the shots alone?

Fri, 10 Feb 2017

By Jonathan Underhill Feb. 10 (BusinessDesk) - Departing Reserve Bank governor Graeme Wheeler could be the last to have sole decision-making authority on monetary policy as opposition MPs call for a move to a board decision model such as Australia uses and seek an expansion to the policy targets agreement, say economists at UBS. Wheeler will depart when his term ends on Sept. 26 and his deputy, Grant Spencer, has been named as acting governor once he leaves. Labour's finance spokesman Grant Robertson has been calling for an expansion of t...

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