Monetary Policy Statement webcasts
Live webcasts of Monetary Policy Statement (MPS) media conferences are scheduled to commence just after 9:00am (NZST) on release day. Details for accessing these and testing your system can be found below.
After the MPS media conference, a recorded copy of the webcast will be made available from this page from around noon on the release day. RBNZ webcasts are also available on YouTube.com, by the end of the business day.
To access the webcast you will need a computer with the following:
- Windows Media Player (which can be downloaded for free from the Microsoft website)
- A soundcard and speakers or headphones
- A connection to the Internet (broadband recommended)
We suggest that you use the low quality or medium quality links to minimise connection problems. If you do encounter pausing during the webcast try using a lower quality link. You will be able to use the high quality link if you have a sufficiently fast Internet connection.
To ensure you will be able to access the live webcast, click one of the Previous MPS media conference webcast links below and verify that you can view the video.
If you cannot see the video then there is a problem and it is unlikely that you will be able to access the live MPS webcast. Note that some corporate networks block access to certain content on the internet, and it is possible that your network is blocking access to the webcast. You will need to talk to your IT support staff to resolve the issue.
If you can see the video you have made a successful connection and you should have no difficulty accessing the live MPS webcast.
NOTE: As there were problems with the sound on the webcast the first minute of Dr Bollard’s presentation cannot be heard. This is a transcription of what he said:-
“Good morning everybody. Welcome to the Reserve Bank, and welcome to our December Monetary Policy Statement.
The Reserve Bank this morning has decided that it will cut the Official Cash Rate by 150 basis points. It is cutting it to 5.00 per cent. The financial market turmoil and deterioration in the global outlook is what predominantly shapes today’s decision. Most of our trading partner countries are now expected to contract, or stagnate, over the next few quarters. And it is as a result of this that New Zealand’s own domestic activity is more constrained than our view in October.”
[Webcast with sound begins].
RBNZ MPS 6 December 2007
(low quality – 56K)
RBNZ MPS 6 December 2007 (medium quality – 128K)
RBNZ MPS 6 December 2007 (high quality – 384K for fast internet connections only)
RBNZ MPS 6 December 2007 (audio only – 28K)
The Reserve Bank makes its best endeavours to supply a reliable transmission of its webcast service, but is unable to provide assurance that all viewers will receive the webcast service or that the quality of its reception will meet the expectations of viewers. The Reserve Bank therefore accepts no responsibility in relation to the webcast.