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Monetary policy implementation: changes to operating procedures

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  • Anonymous

    (Reserve Bank of New Zealand)

Abstract

This article reproduces the document released to the financial markets on 8 February 1999, in which the Bank announced its intention to adopt an Official Cash Rate as its primary instrument for implementing monetary policy.

Suggested Citation

  • Anonymous, 1999. "Monetary policy implementation: changes to operating procedures," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, March.
    • Handle: RePEc:nzb:nzbbul:march1999:2
    as

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    File URL: http://www.rbnz.govt.nz/-/media/ReserveBank/Files/Publications/Bulletins/1999/1999mar62-1RBNZ.pdf
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    Citations

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    Cited by:

    1. Leo Bonato & Robert St. Clair & Rainer Winkelmann, 1999. "Survey expectations of monetary conditions in New Zealand: determinants and implications for the transmission of policy," Reserve Bank of New Zealand Discussion Paper Series G99/6, Reserve Bank of New Zealand.
    2. Michael Woodford, 2001. "Monetary policy in the information economy," Proceedings - Economic Policy Symposium - Jackson Hole, Federal Reserve Bank of Kansas City, pages 297-370.
    3. Sónia Costa, 2000. "Monetary conditions index," Economic Bulletin and Financial Stability Report Articles and Banco de Portugal Economic Studies, Banco de Portugal, Economics and Research Department.
    4. Ian Nield, 2006. "Changes to liquidity management regime," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 69, pages 1-6, December.
    5. Pichit Phatrawimolporn & Teeraphol Rattanalungkarn, 2001. "Open Market Operation & Effectiveness of Monetary Policy," Working Papers 2001-01, Monetary Policy Group, Bank of Thailand.
    6. Liu, Ming-Hua & Margaritis, Dimitri & Tourani-Rad, Alireza, 2008. "Monetary policy transparency and pass-through of retail interest rates," Journal of Banking & Finance, Elsevier, vol. 32(4), pages 501-511, April.
    7. Choi, Daniel & Oxley, Les, 2004. "Modelling the demand for money in New Zealand," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(1), pages 185-191.
    8. Andy Brookes, 1999. "Monetary policy and the Reserve Bank balance sheet," Reserve Bank of New Zealand Bulletin, Reserve Bank of New Zealand, vol. 62, December.

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