WATCH: RBNZ chief economist discusses inflation pressures and New Zealand’s fragile economic recovery.
It comes after concerns were raised about Reserve Bank plans to raise capital requirements for retail banks.
Economic activity in September quarter expected to be flat, latest quarterly survey of business opinion shows.
Reserve Bank must ensure it doesn’t do anything to cause inflation to rebound, shadow board advises ahead of this week’s official cash rate review.
The disparity between the currencies is its widest point since September 2022.
Commentators talk up the credentials of RBNZ governor-to-be Dr Anna Breman as a time to ‘reset and reaffirm’ independence.
Today’s Governor appointment follows months of upheaval and uncertainty at the RBNZ after Adrian Orr’s shock departure in March.
Breman currently serves as the First Deputy Governor of Sweden’s central bank.
Interim governor Christian Hawkesby could miss out on the role, according to media reports today which says it is due to go to a woman.
Former IMF deputy director Michael Keen gives New Zealand’s tax system a robust tick of approval, while pondering future GST tinkering.