Moody's Analytics questions use of inflation targeting for NZ monetary policy

Wed, 24 Apr 2013

April 24 (BusinessDesk) - New Zealand's inflation is so well and truly beaten the Reserve Bank of New Zealand should consider adding an economic growth component to the way it conducts monetary policy, says Moody's Analytics, an offshoot of the global credit rating agency, Moody's Investors Service. "The monetary policy could be altered to use nominal Gross Domestic Product as a reliable metric for prices and real activity," says analyst Hector Lim in a research note released today. The commentary followed the widely expected decision by the...

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