RBNZ says some decision-making 'evolution' may be needed, wants to keep hold of RBNZ Act

Thu, 07 Dec 2017

By Jonathan Underhill Dec. 7 (BusinessDesk) - The Reserve Bank has told the finance minister that changes to its decision-making approach should be by "evolution" and the central bank doesn't want to lose control of its governing legislation. In its briefing to Finance Minister Grant Robertson, presented in October and released publicly today, the Reserve Bank says it has discussed with the Treasury whether there are opportunities to enhance its decision-making process, which has evolved since inflation targeting was first introduced in...

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