RBNZ backs inflation targeting, wants wider forecasting framework to assess national debt

Tue, 19 Jun 2012

By Paul McBeth June 19 (BusinessDesk) - The Reserve Bank backs inflation targeting as its primary goal, and wants a broader forecasting model to investigate what can lead to a disappointing economic recovery. Assistant governor John McDermott told bankers in Hong Kong "inflation targeting as a monetary policy framework has been largely successful at keeping inflation in check," something that aided the central bank during the 2008 global financial crisis. The target also meant the housing boom through much of the past decade didn't impact on...

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