RBNZ: Format of monetary policy statement has been updated

The Reserve Bank of New Zealand came out with a statement on Wednesday, announcing that the central bank has revised the format of the monetary policy statement.

This comes a day ahead of the RBNZ monetary decision. Markets are widely expecting the OZ central bank to leave the interest rates unchanged at a record low of 1.75%.

Key Headlines:

The format of forthcoming monetary policy statement "will look a little different from previous editions".

"We will issue a new high-level summary of the Monetary Policy Statement in pictures, to help explain the official cash rate decision in our assessment of economic conditions".

The order of some chapters has also been changed.

Other processes around the release remain the same.