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Reflections on the Reserve Bank of New Zealand’s Monetary Policy Round

Philip Turner

The Reserve Bank of New Zealand occasionally asks external experts to attend monetary policy rounds, and seeks their observations as part of good practice peer review.

Dr Philip Turner was requested to attend the February 2017 monetary policy round, report on his assessment of the decision making process, and make recommendations where relevant.

This issue of the Bulletin presents Dr Turner’s report back to the Bank.