Current monetary policy framework is sound, Treasury chief says

Thu, 20 Sep 2012

By Pattrick Smellie Sept. 21 (BusinessDesk) - The government's chief economic adviser, Treasury Secretary Gabriel Makhlouf, has waded into the debate on monetary policy and its contribution to the export-sapping strength of the New Zealand dollar, saying the current framework is "sound." In a speech to a function hosted by the business lobby group, the New Zealand Initiative, last night, Makhlouf said strong prices for New Zealand's export commodities were part of the reason for a New Zealand dollar cross-rate with the US dollar that has rema...

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