New Zealand champions coordination of monetary and macro-prudential policy

grant-spencer-rbnz

Reserve Bank of New Zealand (RBNZ) deputy governor Grant Spencer believes "there is a case" for coordinating monetary and macro-prudential policy "in certain circumstances and with certain policy tools".

Spencer told an audience in Hong Kong that if central banks can "retain clear primary objectives" for both monetary and macro-prudential policy – price stability and financial system stability respectively – they can be used in coordination.

He explained that because monetary policy can influenc

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 indvidual account here: