In this case it is New Zealand households’ desire to keep investing in housing, while at the same time consuming strongly, that fuels their demand for funds, and represents the other leg to these international transactions. 5. How does it affect monetary policy? No central banker today can ignore these effects on domestic monetary policy.
The Review also concluded that the RBA has a dedicated staff who are focused on serving the public interest; they are skilled and professional and carry out their jobs to a high standard. Furthermore, the RBA is highly regarded internationally – something I hear often when I travel overseas. But as times change, we too need to change.