New Governor Anna Breman is getting out and speaking with businesses this month to gauge the health of the economy.
The outgoing governor says the RBNZ’s role is crystal clear, as it enters a new era with fewer staff and a new boss.
Some pockets of positivity recorded, but overall outlook subdued, according to latest BDO survey.
Inflation is forecast to ease after peaking in September quarter.
Purchases of Government bonds crystallised big losses on the Crown balance sheet, but were the equivalent of cutting the OCR by 90 basis points.
However, it insists there is no evidence that a 12-week gap over Christmas has caused problems.
But RBNZ says debt-to-income restrictions will remain the same.
Nicola Willis says it brings New Zealand into line with what other countries do.
Government agencies must give a 10% weighting to the economic impact of procurement decisions.
Craig Renney warns yesterday’s cut will take time to come into effect.