RBNZ bulletin shines light on policy-making process
Article digs into nine-day process of deliberation and communication
The Reserve Bank of New Zealand (RBNZ) shed new light on its complicated process of setting monetary policy in a bulletin article published today (July 11).
The article sets out how the central bank moves from information gathering to a nine-day process of committee deliberations, culminating in the eventual publication of an interest rate decision and policy statement.
In interpreting the incoming data, the RBNZ makes use of NZSIM, its structural model of the economy, which it augments with
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