Inflation outcome alone too narrow to gauge RBNZ policy decisions

Inflation outcome alone too narrow to gauge RBNZ policy decisions
Paul McBeth
By Paul McBeth Nov. 2 (BusinessDesk) - The Reserve Bank says its policy decisions can't be judged solely on the level of inflation in the country, as it has to maintain the credibility of its operating framework and can be trumped by new information, according to a research paper published by central bank officials. Governor Graeme Wheeler's framework in finalising monetary policy decisions has attracted criticism in recent months, with legislation putting him in sole charge even if the practice is to set the benchmark rate through commit...