New Zealand's Ardern Plans to Shakeup the RBNZ

The video discusses the Reserve Bank of New Zealand's (RBNZ) role in inflation targeting and the potential review of the Reserve Bank Act to include maximum employment alongside price stability. It highlights the current monetary policy stance of holding the cash rate at a record low and the economic outlook in New Zealand. Additionally, it covers Australia's economic situation, focusing on CPI and housing market concerns.

What significant change is being considered in the review of New Zealand's monetary policy?

• Inclusion of maximum employment alongside price stability

• Abolishment of the Reserve Bank of New Zealand

• Elimination of inflation targeting

• Introduction of a fixed exchange rate

Who currently makes the final decision on monetary policy within the RBNZ?

• The Prime Minister

• The Central Bank Chief

• The Minister of Finance

• A committee of external experts

What is the current cash rate held by the RBNZ?

• 2.5%

• 3.0%

• 1.75%

• 0.5%

What is a concern in Australia's housing market as mentioned in the video?

• Rising interest rates

• Lack of housing supply

• Decreasing home prices

• High household debt

What is the inflation rate in Australia as discussed in the video?

• 2.5%

• 1.2%

• 1.8%

• 3.2%