Mortgage News

Questions over future RBNZ policy

Wednesday 8th of February 2017

Reserve Bank governor Graeme Wheeler announced yesterday that he will not be serving a second term when his current one ends on September 26.

The current assistant governor, Grant Spencer, will serve as acting governor for six months after Wheeler’s term ends.

There will be no change to the Reserve Bank’s Policy Targets Agreement (PTA) for the period Spencer is acting governor.

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