New Zealand

Launch of review of NZ mon policy-Lars Svensson

Lars Svensson, a professor of economics at the Institute for International Economic Studies,Stockholm University, will publish on Wednesday, February 28, at 4 pm (NZ time, GMT+13 hrs) his independent review of the operation of monetary policy in New…

Brash -Svensson report due 'within next few weeks'

A New Zealand government-appointed independent review into the country's monetary policy making will publish its findings within a few weeks, Reserve Bank Governor Don Brash said on Jan. 26, 2001.The one-man review is being conducted by Lars Svensson,…

RBNZ sees reduced inflation risk

New Zealand debt markets ended strongly on Jan. 24 after the Reserve Bank's comments on the inflation outlook were interpreted as having a dovish tone for rates. The central bank, in leaving its official cash rate unchanged at 6.50 percent, said it saw a…

RBNZ Brash cut transparency to save credibility

Reserve Bank of New Zealand governor Don Brash said Wednesday he decided to reduce the amount of information contained in his bank's quarterly monetary policy statements to help safeguard the credibility of the institution, particularly in the eyes of…

RBNZ wants words to talk louder than numbers

New Zealand's Reserve Bank Wednesday announced changes to the format of its quarterly monetary policy statements, underscoring its desire to shift public focus of its monetary policy away from the short to the medium term.

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