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: As a customer, what do you think about automation?
The Press investigates the growing reliance on your unpaid labour.
Automation (or the “unpaid shift”) is often described as efficient ... but it tends to benefit employers more than consumers.
We want to know: What do you think about automation?
Are you for, or against?
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9.4% For. Self-service is less frustrating and convenient.
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43.5% I want to be able to choose.
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47.1% Against. I want to deal with people.
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