Economics
New Zealand's Central Bank Cuts Down on Public Speaking
- Number of on-record speeches halves despite aim to give more
- Media prevented from attending public speeches is ‘a concern’
Graeme Wheeler, governor of the Reserve Bank of New Zealand, speaks during a news conference at the central bank's headquarters in Wellington, New Zealand, on June 11, 2015.
Photographer: Mark Coote/BloombergThis article is for subscribers only.
New Zealand’s central bank has reduced its public speaking as it battles the opposing forces of a housing boom and weak inflation.
The Reserve Bank has more than halved the number of on-the-record speeches it gives a year, from 18 in 2014 to eight last year and four so far in 2016. Of those, Governor Graeme Wheeler gave seven speeches in 2014, three in 2015 and one this year.