Labour's Robertson would set sights on inflation measures in RBNZ review

Mon, 10 Apr 2017

By Paul McBeth April 10 (BusinessDesk) - The Reserve Bank's mandated inflation target - the consumers price index - would be put under the microscope as part of a broader review of the central bank if the Labour Party and its allies win the Treasury benches in September. Finance spokesman Grant Robertson today announced the first two steps in an overhaul of monetary policy that he says struggled to meet the challenges posed by the global financial crisis almost a decade ago, which spurred major central banks to massively expand their bal...

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