RBNZ considers tweaking monetary policy as low inflation persists, Spencer says

Tue, 05 Dec 2017

By Rebecca Howard Dec. 5 (BusinessDesk) - The Reserve Bank is considering tweaking its approach to monetary policy in the face of persistently low inflation since the global financial crisis, says acting governor Grant Spencer. In his first public speech as acting governor, Spencer told the Institute of Directors in Auckland a series of factors including globalisation, the growth of the Chinese economy, new digital distribution channels as well as online competition, an increase in international labour mobility and low inflation expectat...

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