Reserve Bank of New Zealand Bulletin, Dec 2003

The Reserve Bank of New Zealand has published its quarterly Bulletin for December 2003. The Decemberin recent months by the Bank's Governor.

The first article provides a summary of the regulatory framework in the New Zealand financial sector. It describes the core components of the financial system, including the financial institutions and financial markets, and the infrastructure required to support the system.

The second article examines the relationship between surveyed inflation expectations

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