Reserve Bank of New Zealand outlines priorities in Statement of Intent
Governor Graeme Wheeler releasing the Statement of Intent (SOI) for 2016-2019:
- "New Zealand's financial system remains sound and well placed to support economic expansion, but rapid increases in house prices and low dairy sector incomes pose financial stability risks
- We are working to deepen the Bank's understanding of the current drivers of low inflation and the consequences for the economy and monetary policy
- The Bank is implementing changes in response to the regulatory stocktake and reviewing key financial policies to best support the soundness and efficiency of the financial system. We are also working with the banks to further develop the stress-testing framework for the New Zealand banking system"
House price increases, lower national income due to the price fall in dairy, low inflation .... these are 3 key challenges for the RBNZ.
-
The SOI outlines the Bank's priorities for the next three years, and is framed around three themes: enhancing the Bank's policy frameworks; continuing to strengthen the Bank's internal and external engagement; and improving infrastructure and reducing enterprise risk.
The full text is here: Statement of Intent (SOI) for 2016-2019.
)PDF 1.2 mb)
