NZ FinMin Robertson: RBNZ now required to achieve and maintain inflation between 1% and 3% rather than keep

New Zealand (NZ) Minister of Finance (FinMin) Grant Robertson announced a renewal of the Reserve Bank of New Zealand’s (RBNZ) remit and charter on Tuesday.

Key takeaways

“Only minor changes to the monetary policy framework.”

“MPC now required to achieve and maintain inflation between 1% and 3% rather than keep.”

“MPC should communicate key considerations of its decisions with regard to financial risks.”