The Basel Committee has forged ahead along this path over the past few months – one of the items on its “to do” list for 2016 is to finalise the Basel III reform package before the end of the year.
If concerns deepen around the prospects for the global economy and its BIS central bankers’ speeches  9  impact on New Zealand, some further policy easing may be needed over the coming year to ensure future average inflation settles near the middle of the target range. We will continue to monitor closely the emerging economic and financial data.