The Monetary Policy Committee’s (MPC) monetary policy strategy is its overarching plan for how it will formulate monetary policy under different circumstances to achieve its objectives.1 It outlines a consistent approach to how the MPC intends to achieve its objectives across time, accounting for trade-offs and uncertainty. Agreeing on and publishing a strategy promotes transparency, public understanding, and accountability. Monetary policy framework and objectives Under the Reserve Bank of New Zealand Act 1989 (the Act), the MPC is responsible for formulating monetary policy to maintain a stable general level of ... (full story)