Reserve Bank governor will still be in the driver’s seat
The Reserve Bank board will choose the external committee members.
Once new legislation is passed, the Reserve Bank will have a committee making decisions on monetary policy but the governor will still be in the driver’s seat.
Previously, the governor had sole responsibility for setting monetary policy.
And the new Policy Targets Agreement signed today by
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Jenny Ruth
Mon, 26 Mar 2018
Mon, 26 Mar 2018
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Reserve Bank governor will still be in the driver’s seat
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