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Orr: In service to society: New Zealand's Revised Monetary Policy Framework and the Imperative for Institutional Change
video Tēna koutou katoa. Thank you for joining us today to discuss New Zealand’s new monetary policy framework. The recent amendment to the Reserve Bank’s legislation sets up a Monetary Policy Committee that is responsible for a new dual mandate of keeping consumer price inflation low and stable, and supporting maximum sustainable employment. The Committee’s deliberation process will ensure that all decisions benefit from a diverse range of views, and offer greater transparency and accountability to monetary policy decision-making. Before I outline the features of the new framework and its underlying ... (full story)