RBNZ Assistant Governor McDermott says the inclusion of an employment mandate will help inflation targeting flexibility
- But the bank has always had regard for the labour market
- Adds that the bank will be publishing non-attributes records of policy meetings
- Will reflect differences in views
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Background to this is the expansion of the RBNZ's mandate
- The new Policy Target Agreement signed with the new government added in an employment mandate
NZD barley registering any movement