New Zealand Finance Minister Nicola Willis urges the Reserve Bank of New Zealand (RBNZ) to increase the frequency of its rate decisions and end its 12-week summer break, calling it “a long time to go between meetings.” She told Bloomberg News that “the central banks of England, Canada, Australia, and the U.S. have shorter breaks and meet more frequently,” and said she believes the RBNZ should return to eight meetings a year. The central bank currently holds seven rate-setting meetings annually - fewer than its global peers - and has not responded to the request for comment. Since 2016, it has skipped a decision between November and February. Treasury advice released under the Official Information Act supported Willis’ concern, noting the RBNZ’s long break is unusual and that “more frequent decisions would allow the Bank to respond to changes in the economy.” Treasury said Willis could raise the issue directly with RBNZ leadership and offered to assist.