I posted the initial headlines here: New NZ PM says committed to fiscal responsibilityI noted there that
The ‘reform, review’ RBNZ ACT — relates to intentions to introduce an employment mandate (main change).
Confirmation of that now in the latest headlines to cross (Via Reuters):
- Employment and price stability will be part of Reserve Bank review
The employment addition was a Labour election promise so its not a surprise.
More on that earlier post …. the impact was NZD/USD initially popipng a little ( to highs just above 0.7000) on the fiscal responsibility and wage increases…then it slipped back on the RBNZ comments and fell further on the tax (on exports) and housing comments.