Each Monetary Policy Statement must set out:
During the construction of the MPS, our staff present initial forecasts that the Monetary Policy Committee (MPC) subsequently discuss. The MPC has direct access to experts when forming their views. The final forecasts are amended by staff following MPC suggestions. The final monetary policy decision is based on the forecasts that have incorporated the MPC’s judgement. The MPC ultimately has ownership over the published forecasts.
More information on the construction of the MPS and the role of staff can be found in the Bulletin article: Effective monetary policy committee deliberation in New Zealand