The Reserve Bank of New Zealand (RBNZ) has updated its charter with changes its governor says will make it easier for monetary policy-makers to communicate their views.
The changes, announced by the RBNZ on April 30, state that monetary policy committee (MPC) members are “encouraged” to publicly share their views on the bank’s monetary policy strategy and economic outlook. The previous version of the charter said members were “welcome” to take this action.
MPC members’ votes on interest rate
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