The rationale for announcing a target path for inflation

A non-technical presentation of how relative prices and inflation are treated by the PTA, with particular attention to the terms of trade1.

This article discusses why output and employment are not included in the Bank's operating objectives, leaving price stability the sole objective.

This article explains in greater depth a number of considerations relevant to the decision announced on 8 February to adopt an Official Cash Rate as the Bank's primary instrument for implementing monetary policy.

This article discusses the motivation for New Zealand holding a reserve of foreign currency assets