Is the central bank's remit on the money?

(Image: NZME)

Wed, 01 Jun 2022

The Reserve Bank of New Zealand wants to know if its inflation target is on the money and just how relevant issues like house price sustainability or climate change are.The central bank this morning opened its legislated five-year review of the monetary policy remit. The remit is provided by the government and used to guide the monetary policy committee’s decision making.The current Remit sets a target to keep future annual inflation between 1 and 3% over the medium term, with a focus on keeping future inflation near the 2% midpoint. It a...

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