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RBNZ releases Annual Report 2023
Board Chair Professor Neil Quigley says the past year marked a significant turning point in the history of the Reserve Bank with the commencement of the Reserve Bank of New Zealand Act 2021 and a fully empowered governance board. It has been a challenging year for monetary policy, with levels of inflation outside the target range due to international and domestic inflationary pressures. “The Board’s annual assessment of the Monetary Policy Committee (MPC) was that it has a credible plan for returning inflation to within its target range of 1% to 3% per annum over the medium term, while supporting maximum ... (full story)