New RBNZ mandate is evolution not revolution, says McDermott


The latest changes to the Reserve Bank of New Zealand’s mandate are the continuation of a gradual process of adjustment, assistant governor John McDermott said in a speech today (April 12).

“I believe this next step is indeed an evolution, which builds on the flexible approach we have been taking for some time, rather than a revolution,” he said in remarks that were delivered on his behalf by RBNZ adviser Rebecca Williams.

The RBNZ cemented the deal on its new mandate in March. It will now

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:

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: