RBNZ: Entering next stage of evolution – TDS

In a speech on New Zealand's Inflation Targeting Framework Assistant Governor Mcdermott noted that the RBNZ is entering the next stage of evolution, with the new mandate reinforcing flexibility of inflation targeting, notes the research team at TDS.

Key Quotes

“It was also noted that it is too early to determine the impact on monetary policy. As such we think its hard to see any monetary policy implications from today’s speech. We view the speech as a move to provide more transparency.”