Did an article on why we should leave the Reserve Bank Act alone in the Dom this week. Given I’m too lazy to put up new material this morning I will just link to it (on Rates Blog, on the Infometrics site).
Warping the Reserve Bank Act to focus on a multitude of different goals will not solve these underlying issues; it will just cloak the symptoms by damaging other sections of the economy. Although pretending to solve an issue may be beneficial for politicians, it is not the best way to run New Zealand economic policy.
Update: A bit of pointless filler – again because I’m not up to writing anything fresh today 😉