The PTA is clear that monetary policy must have regard to financial stability but it does not – and probably cannot – specify exactly what trade-offs should be entertained. The optimal balance between price and financial stability remains an area of ongoing research in New Zealand and abroad.
Within DNB, this management development programme is important for employees’ chances of securing a management position. Formerly, candidates applied to join the programme themselves. Now, the divisional directors have been asked to nominate candidates and to ensure that at least half of the nominees are female. If the ratio falls short, our management commission will discuss the nominations with the divisional director.