Cash (notes and coins)

Monetary Policy Statement

The Reserve Bank publishes its Monetary Policy Statement (MPS) quarterly. Each Monetary Policy Statement must set out:

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  The approach the Monetary Policy Committee (MPC) is taking to achieve its operational objectives defined in the Remit;
  
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  The MPC’s reasoning for adopting that approach, and;
  
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  The transparency and accountability requirements of the MPC Charter:
  
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    explain how the MPC has sought to meet the requirements of section 2b of the Remit;
    
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    if inflation outcomes (and/or expected outcomes) are outside of the target range, explain the reason for this;
    
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    explain how monetary policy is currently supporting maximum sustainable employment.