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 is the significance of the Reserve Bank of New Zealand's independence in monetary policy?

How does the current Reserve Bank Act of New Zealand relate to price stability and inflation targeting?

What changes are being considered in the review of New Zealand's monetary policy framework?

What challenges does the RBNZ face in maintaining its cash rate at a record low?

How might the new government in New Zealand influence economic policy and spending decisions?