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