RBNZ Reform Could Potentially Lower Rates, Finance Minister Says
- Central bank won’t have numerical jobless target: Robertson
- Policy agreement will stay until new governor appointed
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Reforming the Reserve Bank of New Zealand’s monetary policy mandate could potentially result in lower interest rates, the new finance minister said.
Requiring the central bank to target full employment as well as price stability when making rate decisions will ensure its objectives are more aligned with the well-being of New Zealanders, Grant Robertson said in a television interview Sunday. When asked if that meant lower interest rates, he said “potentially, it could.”