Don’t mistake transparency and regular guidance as commitment to a certain policy path, the Reserve Bank warns.
The RBNZ’s campaign to explain its monetary policy actions continued in a speech by Assistant Governor John McDermott today.
Speaking at the Goldman Sachs Annual Global Macro Conference in Sydney, McDermott said that the RBNZ is very open about its monetary policy outlook as it believes transparency makes for better policy.
It publishes a forward projection for the 90-day interest rate, comments on the outlook for policy, provides discussion of risks in its Monetary Policy Statements (MPS), and presents alternative scenarios...MORE»
Thursday, February 4th, 10:25AM
Views on the prospect of an OCR cut have shifted following the Reserve Bank governor’s speech and the release of new labour data yesterday.MORE»
Wednesday, February 3rd, 2:11PM
Responding to low inflation with immediate interest rate cuts is not the way to go, the Reserve Bank says.MORE»
Non-bank lender Liberty, which owns Mike Pero Mortgages, has appointed a new chief executive in New Zealand.MORE»
Impact of new tax and LVR measures for investors may be less profound than hoped, new lending data suggests.MORE»
Nobody was surprised by the Reserve Bank’s announcement this morning that the OCR will remain unchanged at 2.5%.MORE»
The Reserve Bank today left the Official Cash Rate unchanged at 2.5 percent.MORE»
Weaker prices for agricultural exports have led Fitch Ratings to revise New Zealand’s growth outlook down.MORE»