New Zealand cbank against introducing MPC

NEW ZEALAND - The Reserve Bank of New Zealand said in report Mar 26, 2001 that it opposes a recent proposal to change the country's monetary policy decision-making model in favor of a committee of experts instead of the existing framework which vests that authority in the central bank's governor.

The report, issued to Finance Minister Michael Cullen and released by his office, outlines the central bank's responses to a recent independent inquiry into the operation of monetary policy in New Zea