Speed dating central bank style - NZIER Insight 52

September 1, 2015
From next year, the Reserve Bank will let go one chance each year to meet and set interest rates. That means the Reserve Bank could easily fall behind the run rate on the interest rate settings required to manage the economy. The Reserve Bank is also tweaking when they meet to try and match the timing of key data releases. That's too much fine tuning in today's data-rich environment where the data flow is much more even than in past decades. There are ways to improve how interest rates are set. Meeting less often is not one of them.
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