Central Banks

One for the New Zealand dollar traders, this via Bloomberg on the central bank’s independence

New Zealand’s central bank made a renewed bid to keep a Treasury Department official away from interest-rate decisions

  • Reserve Bank had already opposed the government’s plan to add a non-voting Treasury official to its new Monetary Policy Committee, which is due to begin next year. Having lost that battle, the RBNZ in April then floated the idea that the official should leave policy meetings before decisions are made
  • The idea failed to gain traction and the bank finally agreed later that month that the observer “may attend, and speak at, any meeting” of the MPC.

Some background info – note that government representatives do attend central bank meetings in some (but not many) developed economies. 


Source link

Articles You May Like

US March consumer confidence 120.0 vs 110.0 expected
Wednesdays Trading day with DayTraderRockStar LIVE TRADING
Dollar continues to keep firmer on the session
How to Grow your Small Forex Account: Strategy for Small Accounts 📈📈
US major indices close lower but off the low levels for the day

Leave a Reply

Your email address will not be published. Required fields are marked *