Monday, 6 November 2017

Government signs unchanged Reserve Bank agreement ahead of review

Finance Minister Grant Robertson has signed an unchanged policy targets agreement (PTA) with the Reserve Bank, and has set in motion a two-stage review of the Government’s monetary policy framework.

The first phase would focus on the coalition agreement with NZ First that agreed to add the goal of “maximising employment” to the current price stability objective contained in the Reserve Bank Act.

But there would be no specific numerical target for unemployment, as Robertson made clear when he announced Labour’s policy in April.

from Ellie NZ Rss http://www.stuff.co.nz/business/98623634/Government-signs-unchanged-Reserve-Bank-agreement-ahead-of-review




from
https://ellieplume83.wordpress.com/2017/11/07/government-signs-unchanged-reserve-bank-agreement-ahead-of-review/

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