Finance minister appoints monetary policy decision-making committee

Wed, 27 Mar 2019

By Rebecca Howard March 28 (BusinessDesk) - Two academics and one economist will join four internal members on the Reserve Bank's newly minted independent decision-making body, said Finance Minister Grant Robertson. The new structure emerged after phase one of a review of the Reserve Bank Act to modernise the policy frameworks, governance, and accountability arrangements announced by the Labour-led government shortly after taking office. The new committee - which will begin operating April 1 - removes sole interest rate decision-making by...

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