Monetary Policy Statement

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

how the Reserve Bank proposes to achieve its targets;
how it proposes to formulate and implement monetary policy during the next five years; and
how monetary policy has been implemented since the last Monetary Policy Statement.

Current Monetary Policy Statement

2009: September Monetary Policy Statement (PDF 432KB)
News release, 10 September 2009.
Policy assessment, by Governor Alan Bollard.
Data for the September 2009 MPS graphs (Excel 3.1MB), Data also available as zipped Excel (516KB)
Webcast of the news conference.

View previous Monetary Policy Statements back to December 1996. Monetary Policy Statements are in PDF format.

Some materials are in Adobe Acrobat PDF format. You can download the free Acrobat PDF reader from the Adobe website.