Market Update: We break down the business implications, market impact, and expert insights related to Market Update: Reserve Bank head Anna Breman will publicly speak about the Iran conflict – Full Analysis.
Photo: RNZ / Samuel Rillstone
- Reserve Bank to increase media events after cash rate decisions
- Will have online news conference after cash rate reviews, starting 8 April
- Previously cash rate reviews only had written statement
- Governor Anna Breman to speak about Middle East impact on economy next week
Reserve Bank governor Anna Breman has moved to deliver on her pledge to improve the central bank’s communication and transparency.
She is due to speak to business leaders next week on the RBNZ’s February monetary statement and the country’s payments system, but will now directly comment on the conflict in the Middle East.
“Due to the wider economic impact of the ongoing conflict in the Middle East, this speech will now focus on the potential impacts of this evolving situation on the New Zealand economy,” the RBNZ said in a statement.
The speech will be released ahead of delivery and Breman will do a news conference and briefing for economists.
In the past, the RBNZ has entered a monetary “cone of silence” in the run-up to a meeting and decision about the official cash rate (OCR).
The next decision is due on 8 April and would normally only be a short statement and a summary of the meeting of the monetary policy committee.
But the April decision will be followed by an online news conference, which will now become standard practice.
In the past the RBNZ has only given media conferences after a quarterly monetary policy statement, along with full economic forecasts and interest rate track.
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