NZ FinMin Robertson: NZ Govt committed to 1-3% inflation band

Dhwani Mehta FXStreet

Comments from New Zealand Finance Minister Grant Robertson are crossing the wires now, via Reuters, expressing his take on the RBNZ’s price target and monetary policy.

Key Headlines:

2% inflation focus could be up for discussion.

NZ Govt committed to 1-3% inflation band.

Dual mandate may see a looser policy in some measures.

RBNZ board expects to recommend new governor by Xmas.

"I don't have a proposal at this stage to change the midpoint, but I'm sure when I sit down with a new governor that may be a topic that comes up. It is possible for us to take another look at that when a new governor is appointed."

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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