ANALYSIS: The Reserve Bank's element of surprise

Thu, 14 Nov 2019

The Reserve Bank says it hasn't intended to take financial markets by surprise, even though it has done so with its last two monetary policy decisions."It's certainly not our conscious intention to try and surprise folk at all," governor Adrian Orr told journalists after the RBNZ's decision yesterday to leave the official cash rate at 1 percent.The central bank wants to be as transparent as possible and is trying to provide "a clear sense" of how the monetary policy committee pulls the available data together in making OCR decisions, Orr said."...

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