Academic journal article The Reserve Bank of New Zealand Bulletin

Reserve Bank Responds to Economic Challenges: 27 September 2013

Academic journal article The Reserve Bank of New Zealand Bulletin

Reserve Bank Responds to Economic Challenges: 27 September 2013

Article excerpt

The Reserve Bank's latest Annual Report demonstrates the Bank's commitment to meeting the challenges facing the New Zealand economy and financial system, Governor Graeme Wheeler said today.

Mr Wheeler said that the 2012-13 Annual Report reported a positive outlook for the New Zealand economy, which was currently growing faster than nearly all of the advanced economies, but was being buffeted by a range of domestic and international factors.

"Just as Arms and households develop strategies to adjust to the wide range of forces that hit our economy, the Reserve Bank also needs to respond to them in meeting its goals of price stability and financial stability."

Mr Wheeler said the Bank kept its strategies, policies and tools under constant review and, in the last year, it adopted several strategic priorities to enhance the Bank's capacity to handle the current challenging environment.

"These priorities, announced in the Bank's Statement of Intent in June and emphasised in the Annual Report, build on the Bank's achievements in the last year," Mr Wheeler said. "They are designed to continue to strengthen the Bank's performance; develop a more integrated approach to the Bank's monetary and financial stability policies; and improve infrastructure and reduce enterprise risk. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.