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.

As from next Wednesday's monetary policy statement, or MPS, the central bank will continue to project or forecast a quarterly track only for the consumer price index, and only for the two quarters after. It will also discontinue quarterly projections for gross domestic produ

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