Cash (notes and coins)

How the Monetary Policy Statement is prepared:

During the construction of the MPS, Reserve Bank 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.

he Reserve Bank publishes a six-monthly Financial Stability Report (FSR). In the FSR we assess and report on the soundness and efficiency of the New Zealand financial system. The Bank published its first FSR in October 2004.

Macro-prudential indicators are statistics used to assess financial system risk, and to assist in appraising whether a policy response is appropriate. Data and graphs displaying the statistics are available on our Macro-prudential indicators page.

The Reserve Bank produces boxes on a range of analytical and research topics for each Financial Stability Report. These boxes are intended to provide more in depth coverage of a particular topic of current relevance to financial stability. View the analytical boxes.