RBNZ Brash cut transparency to save credibility

Reserve Bank of New Zealand governor Don Brash said in an interview with Dow Jones Newswires on Wednesday that 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 the New Zealand general public.

Brash said that the past practice of publishing the central bank's precise forecasts for on-quarter growth in gross domestic product in the near term, for example, o

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