Election result, remit change taking a back seat to inflation

The Reserve Bank has a mandate to control inflation. (Image: Getty)

Tue, 17 Oct 2023

The Reserve Bank of New Zealand may well be mulling over whether the incoming government might change its remit, but it has far more immediate issues to worry about.Today’s third-quarter consumer price inflation data will take centre stage as the market weighs up whether more interest rate hikes are necessary. So far, the central bank has lifted rates from 0.25% in August 2021 to 5.5% in a bid to curb inflation. While it has indicated that is the peak, economists have differing views about what might happen next. The RBNZ...

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