General publications – about monetary policy
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Other ‘general’ publications
You can view a list of all other general publications.
Features
Monetary Policy
Statement
Published quarterly, each Monetary Policy Statement (MPS)
describes 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 MPS.
Explaining Monetary Policy (PDF 415KB)
Published
July 2007. This brochure explains what monetary policy is, and how the Reserve
Bank implements it.
What is inflation?
Published
December 2006. A one-page fact sheet on what inflation and deflation are in the
New Zealand context. Also available as a PDF (94 KB)
What is the Official Cash Rate?
Published December 2006. A one-page fact sheet on the primary instrument
that the Reserve Bank uses to implement monetary policy. Also available as a PDF (116 KB)
What is the Policy Targets
Agreement?
Published May 2007. A fact sheet on the agreement between the
Minister of Finance and the Governor of the Reserve Bank. The PTA sets specific
targets for achieving and maintaining price stability.
Policy Targets Agreement: Reserve Bank
briefing note and related papers
Published September 2002.
