The Reserve Bank governor’s power over interest rate decisions will be reviewed, after years of denials by the National government that this issue needed to be considered.
Former State Services Commissioner Iain Rennie has been appointed by Treasury to investigate both the Reserve Bank’s process for determining movements in the official cash rate (OCR), and whether the bank should be in charge of the legislation it operates under.
The review was requested by Finance Minister Steven Joyce.
from Ellie NZ Rss http://www.stuff.co.nz/business/91326979/Reserve-Bank-governors-unique-power-over-interest-rates-to-come-under-review
from
https://ellieplume83.wordpress.com/2017/04/08/reserve-bank-governors-unique-power-over-interest-rates-to-come-under-review/
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