Best of BusinessDesk: Behind closed doors at the RBNZ

Best of BusinessDesk: Behind closed doors at the RBNZ
RBNZ governor Anna Breman. (Image: Getty)
Rebecca Howard
When Anna Breman became Reserve Bank of New Zealand governor on Dec 1, she gained a powerful title – but only one vote when it comes to setting interest rates. Breman inherited a monetary policy committee tasked with reaching consensus after the single decision-maker era ended in 2018.  BusinessDesk spoke with three internal committee members and one former external member to see exactly how consensus is reached. The committee currently has six members, but can have between five and seven.  It turns out a full monetary...

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