NZ's Finance Minister Robertson: no desire to have NZD included in the RBNZ review

NZ's Finance Minister Robertson has been crossing the wires.

Key statements:

• RBNZ's spencer re-sign policy target pact
• announces 2-phase review of RBNZ mandate
• phase-1 to focus on employment, committee
• phase-1 to review whether board role needs to change
• says govt committed to price stability framework
• confirms RBNZ review to include maximising employment as goal
•  says a bill on the policy elements of the RBNZ review will be introduced as soon as possible in 2018
• aims to publish minutes of RBNZ policy meetings
• no desire to have nz$ included in the RBNZ review
• will not have a specific number for the RBNZ employment target
• says to retain the 1-3 pct inflation target for RBNZ
• the review should not have a dramatic impact on RBNZ policy in near term
• says in some circumstances, RBNZ changes could lead to lower rates than otherwise