RBNZ faces calls to dilute governor's power

new-zealand

New Zealand's Green Party yesterday introduced a bill that could see major changes to the way the Reserve Bank of New Zealand (RBNZ) conducts its monetary policy.

If passed, the bill would make the Reserve Bank Board responsible for setting monetary policy, and make it mandatory for the RBNZ to publish the minutes of its meetings within 14 days.

Russel Norman, the MP who proposed the bill, described the current system as "antiquated". "It leads to poorer decisions, decisions that do not reflect

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.