RBNZ issues Statement of Intent

The Reserve Bank of New Zealand released its Statement of Intent (SOI) for 2006-2009 on Wednesday 5 July. The SOI recognises increasing demands on the Bank's policy outputs in a changing economic environment.

Reserve Bank governor Alan Bollard said the SOI is the Bank's three-year forward-looking picture of Bank activities: "It highlights the major pieces of work we will be doing this year, as well as all the business as usual."

Dr Bollard said it was vital that the Bank's economic toolkit was