RBNZ’s Frequent Remit Adjustments Risk Policy Error, OECD Warns

New Zealand should reconsider how frequently it adjusts the Reserve Bank’s remit because it raises the risk of monetary policy mistakes, according to the Organisation for Economic Cooperation and Development.

“Maintaining the Reserve Bank’s high credibility and independence is indispensable for returning inflation within the 1-3% target band in a difficult and uncertain environment,” the OECD said in its Economic Surveys: New Zealand 2026 report published Thursday in Wellington.