I posted the initial headlines here: New NZ PM says committed to fiscal responsibility

I noted there that

The 'reform, review' RBNZ ACT - relates to intentions to introduce an employment mandate (main change).

Confirmation of that now in the latest headlines to cross (Via Reuters):

  • Employment and price stability will be part of Reserve Bank review

The employment addition was a Labour election promise so its not a surprise.

More on that earlier post .... the impact was NZD/USD initially popipng a little ( to highs just above 0.7000) on the fiscal responsibility and wage increases...then it slipped back on the RBNZ comments and fell further on the tax (on exports) and housing comments.