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Monetary Policy Statement

The Reserve Bank publishes its Monetary Policy Statement (MPS) quarterly. Each Monetary Policy Statement must set out:

  • how the Reserve Bank proposes to achieve its targets;
  • how it proposes to formulate and implement monetary policy during the next five years; and
  • how monetary policy has been implemented since the last Monetary Policy Statement.

Monetary Policy Statement and Official Cash Rate review dates
List of Official Cash Rate changes

Current Monetary Policy Statement

2009: December Monetary Policy Statement (PDF 429KB)
News release, 10 December 2009.
Policy assessment, by Governor Alan Bollard.
Data for the December 2009 MPS graphs (Excel 3.1MB)
Webcast of the news conference.

Previous Monetary Policy Statements

View previous Monetary Policy Statements back to December 1996. Monetary Policy Statements are in PDF format.

Previous webcasts of Official Cash Rate announcements

Some materials are in Adobe Acrobat PDF format. You can download the free Acrobat PDF reader from the Adobe website.