Conversations about reintroducing maximum sustainable employment to the Reserve Bank's monetary policy mandate and inflation targeting could be back on the table, following recent comments from Winston Peters.

Peters had to let this issue go during the last round of coalition negotiations, but speculation indicates he's like to bring the issue up again the next time round. 

Infometrics Principal Economist Brad Olsen says there would be very little, if any, differences to the current state of the OCR if these changes were implemented. 

"The Reserve Bank is not dumb, they're not looking at the economy and going - well, if only we completely ignore the labour market. You can't ignore people in the economy and their jobs, so realistically - no , we wouldn't expect any real change." 

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Conversations about reintroducing maximum sustainable employment to the Reserve Bank's monetary policy mandate and inflation targeting could be back on the table, following recent comments from Winston Peters.
Peters had to let this issue go during the last round of coalition negotiations, but speculation indicates he's like to bring the issue up again the next time round.&nbsp;
Infometrics Principal Economist Brad Olsen says there would be very little, if any, differences to the current state of the OCR if these changes were implemented.&nbsp;
"The Reserve Bank is not dumb, they're not looking at the economy and going - well, if only we completely ignore the labour market. You can't ignore people in the economy and their jobs, so realistically - no , we wouldn't expect any real change."&nbsp;
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Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. 

Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers. Whether you’re a small business owner or interested in what’s going on in the Big End of Town, this podcast encompasses the sharpest voices and minds in the world of business.

Best of Business is the home of all things business at Newstalk ZB, from morning market updates right through to incisive interviews with New Zealand’s top business leaders and decision makers.

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Brad Olsen: Infometrics Principal Economist on Winston Peters looking to restore Reserve Bank's dual mandate

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/c30e47e8-f3c1-4def-9e3f-b496006c4487/transcript