Our submission to the RBNZ’s consultation on the way its Monetary Policy Committee operates – available here – highlights a need avoid “multiple mandates” that could lead to a “de-prioritisation of a clear focus on the inflation policy priority”.
FINSIA’s New Zealand National Council Chair Bernard McCrea SF FIN said it was important for FINSIA to give feedback on the RBNZ’s Remit consultation as an independent voice.
While the request from Governor Adrian Orr for feedback covered several areas such as house price sustainability, FINSIA’s position is that the RBNZ must remain focused on monetary policy strategy given the critically important role that plays in supporting the best outcomes for community and the economy, including downstream issues such as price sustainability.