New Zealand Finance Minister Nicola Willis wants the Reserve Bank of New Zealand central bank to increase the frequency of its rate decisions. Info comes via Bloomberg (gated), in brief:
- Willis wants the Reserve Bank of New Zealand (RBNZ) to meet eight times a year, aligning with other major central banks and ending its long 12-week summer break.
- New Zealand Treasury advice to Willis confirmed the RBNZ's current schedule is unusually infrequent and suggested that more meetings could improve responsiveness to economic changes.
- The Reserve Bank of New Zealand bank hasn't commented publicly but has previously noted its ability to hold unscheduled meetings if needed.
