A former Reserve Bank economist evaluates the Reserve Bank's new transparency measures, noting they represent incremental progress rather than transformative reform in disclosing monetary policy committee member views and decisions.
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The Reserve Bank is introducing even more transparency under the new governor. They've already increased the number of media conferences they'll be doing and then from today we will also be told how the vote falls in OCR decisions and members of the committee who make those decisions will be allowed to speak publicly about them. Michael Riddell is a former Reserve Bank economist and with us now. Hi Michael. I imagine you think this is a good move, do you?
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new Zealand lags behind global transparency standards
Michael Reddell: former Reserve Bank economist on the Reserve Bank disclosing individual Monetary Policy Committee members’ views on OCR decisionsSpotted something wrong on this page? Report a correction.
