Central Banks
RBNZ’s Orr Wishes People Would Read Detailed ‘Record of Meeting’
- Governor surprised that markets focus on RBNZ’s rate forecasts
- Says policymakers are worried about ‘communication challenges’
This article is for subscribers only.
New Zealand central bank governor Adrian Orr said he wishes more people would read the bank’s detailed report on its policy deliberations rather than relying on journalists or analysts.
Speaking to the Peterson Institute in Washington early Thursday New Zealand time, Orr said the Reserve Bank’s record of meeting — a read-out of the issues the Monetary Policy Committee considered when making a rate decision — is the best way to understand the bank’s thinking.