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News Wire / economy

Reserve Bank To Increase Transparency On Rate Votes

RNZ National Wellington 13d Impact 5
The Reserve Bank's Monetary Policy Committee is improving transparency following charter changes agreed upon with the Minister of Finance. Under the new charter, committee members can publicly share their views.

Topics

Reserve Bank Monetary Policy Transparency

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Sources · 7 independent

RNZ National

“the Reserve Bank's all-important rate setting body is improving its transparency after agreeing changes to its charter with the Minister of Finance. So the new charter makes it easier for the Monetary Policy Committee members to publicly share their views, and when a vote takes place, their votes will now be attributed rather than be kept secret”

RNZ National

“So you'll see who voted for. finding those small fragments have broken up. So good news too really isn't it? Well we're on the subject of more transparency. Watch decision at each meeting.”

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