NZ Fin Min Willis wants to end the 3 month RBNZ summer holiday from policy meetings ...Middle East

New Zealand Finance Minister Nicola Willis wants the Reserve Bank of New Zealand central bank to increase the frequency of its rate decisions. Info comes via Bloomberg (gated), in brief:

Willis wants the Reserve Bank of New Zealand (RBNZ) to meet eight times a year, aligning with other major central banks and ending its long 12-week summer break. New Zealand Treasury advice to Willis confirmed the RBNZ's current schedule is unusually infrequent and suggested that more meetings could improve responsiveness to economic changes. The Reserve Bank of New Zealand bank hasn't commented publicly but has previously noted its ability to hold unscheduled meetings if needed. This article was written by Eamonn Sheridan at www.forexlive.com.

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