5 Dec 2017
RBNZ's Spencer - Time to put more weight on output, employment
Comments from Reserve Bank of New Zealand (RBNZ) governor indicate the central bank is becoming more flexible on inflation targeting.
Key quotes
It may be time for monetary policy to put more weight on output. employment and financial stability rather than inflation.
Persistently low inflation has prompted the RBNZ to think about whether it needs to tweak its approach to monetary policy.