New Zealand finance minister Robertson says (acting) governor of the Reserve Bank of New Zealand Spencer has re-signed the policy target pact
- Says of the mandate review - phase 1 is a review as to whether the role of the RBNZ Board needs to change (to consider introducing a committee decision making process)
- Phase 2 will further consider activities of the bank
- He wants to improve the decision making process
NZD up a few tics as the 'news' crosses. these changes have been well flagged by the new government.
