WELLINGTON, Nov 10 (Reuters) - New Zealand's Finance Minister on Friday said one impact of proposed changes to the mandate of the country's central bank could be looser monetary policy in some circumstances.
In an interview with Reuters, Labour's Finance Minister Grant Robertson said the board of the Reserve Bank of New Zealand had yet to make a recommendation for the position of governor, though it was expected to do so by March.
Robertson said he was prepared to reject that recommendation if he felt it was not the "right person" for the top job. A willingness to put the proper emphasis on maximising employment would be an important consideration, he added.
"I have got to make the right decision and I will make that on the basis of a person who I think will be best for upholding the Reserve Bank's very important role, but also being willing and ready to adopt the new processes of the review," said Robertson.