KiwiBank – Quick View – RBNZ Act Review Announcement: FXWW

From the FXWW Chatroom: We don’t expect the review of the RBNZ act to have a material impact on the operation of monetary policy in the near-term. Adding a specific employment focus is unlikely to see a set employment-related target and hence there will remain flexibility in the implementation of monetary policy around current guidelines and giving consideration to a wide range of variables. Unless we see wholesale change in the RBNZ’s operating framework, we still expect to see interest rate hikes from late 2018 the likely course of action to ensure inflation settles at the middle of 1%-3% policy target range over the medium term.

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