RBNZ policy to be set by ‘governing committee’

Wheeler announces 'governing committee'

All Reserve Bank of New Zealand major policy decisions will be made by a committee comprising the governor, Graeme Wheeler, and his three top lieutenants, Wheeler revealed today.

Wheeler, along with his deputy governors, Grant Spencer and recent appointee Geoff Bascand, and assistant governor John McDermott, will make all monetary and financial policy decisions as a ‘governing committee'.

This contrasts with the bank's previous decision-making model, where individual governors were responsible

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: