RBNZ Response To Monetary Policy Review
Tuesday, 7 August 2001, 2:09 pm
Press Release: Reserve Bank
RBNZ Response To Monetary Policy Review Announcement
Reserve Bank Governor Don Brash said the announcement made
today by the Treasurer that "The Government has cross-party
support for a series of minor changes to the Reserve Bank
Act arising out of the Svensson Review of the Operation of
Monetary Policy" was very welcome.
Dr Brash said "Indeed,
as the Treasurer points out, political consensus and
stability are important in terms of the governance
arrangements that apply to central banks. The changes, as
proposed, are in my view sensible, in accord with the spirit
and intent of the Reserve Bank of New Zealand Act 1989, and
workable.
"I look forward to assisting in the legislative
process and believe we have the basis for continuing to
provide New Zealand with best-practice central banking for
many years to come," Dr Brash concluded.
Ends
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