Reserve Bank of New Zealand Bulletin, Jun 2004

The Reserve Bank of New Zealand has published its quarterly Bulletin for June 2004. The June issue contains articles spanning most of the Reserve Bank's core functions including "What drives the New Zealand dollar?". In addition, for the first time the Bulletin features an interview.

The first article reviews the Bank's Policy Targets Agreement (PTA) and, in particular, its requirement for the Bank "to seek to avoid unnecessary instability in economic output, interest rates and the exchange rate"

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