New Zealand Finance Minister Grant Robertson

  • committed to keeping RBNZ's 1-3% target band
  • dual mandate could mean looser policy in some situations
  • "The most important thing for me is that we continue, and we've committed to, keeping the band"
  • "I don't have a proposal at this stage to change the midpoint, but I'm sure when I sit down with a new governor that may be a topic that comes up. It is possible for us to take another look at that when a new governor is appointed."

Robertson spoke earlier: NZ fin min says changes to RBNZ mandate could mean looser policy

This bit more via Bloomberg now

NZD dropped a little on the earlier comments and has fallen back to similar levels again on these.


  • Government to target 4% unemployment rate in first term