RBNZ PURPOSE & OBJECTIVES & OCR
As the RBNZ prepares to announce its OCR decision at 2pm today, it’s worth reflecting on its stated purpose and objectives from the latest Annual Report:
PURPOSE
“We work to enable economic wellbeing and prosperity for New Zealanders.”
OBJECTIVES
1️⃣ Economic Objective — Achieving and maintaining price stability over the medium term ❌
2️⃣ Financial Stability Objective — Protecting and promoting the stability of New Zealand’s financial system ❌
3️⃣ Central Bank Objective — Acting as New Zealand’s central bank❓
By the time the new RBNZ Governor takes office on 1 December, the dust may have settled on today’s rate decision.
The bigger question is whether the path ahead restores confidence in the Bank’s direction.
#RBNZ #OCR #mortgagerates #adviceHQ
Poll: 🗑️ Would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Aucklanders, our weekly rubbish collections are staying after councillors voted to scrap a proposed trial of fortnightly pick-ups.
We want to hear from you: would you be keen to switch to a fortnightly rubbish collection, or do you prefer things as they are?
Keen for the details? Read up about the scrapped collection trial here.
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85% Same!
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15% Would have liked to try something different
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