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
Some Choice News!
Many New Zealand gardens aren’t seeing as many monarch butterflies fluttering around their swan plants and flower beds these days — the hungry Asian paper wasp has been taking its toll.
Thanks to people like Alan Baldick, who’s made it his mission to protect the monarch, his neighbours still get to enjoy these beautiful butterflies in their own backyards.
Thinking about planting something to invite more butterflies, bees, and birds into your garden?
Thanks for your mahi, Alan! We hope this brings a smile!
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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82.5% Same!
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17.5% Would have liked to try something different
Scam Alert: Fake information regarding December Bonuses from MSD
The Ministry of Social Development is reporting that fake information is circulating about new ‘December bonuses’ or ‘benefit increases’
If you get suspicious communication, please contact Netsafe.
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