Adrian Orr, the governor of the central bank of New Zealand, recently expressed the importance of public engagement with the detailed 'Record of Meeting' published by the Reserve Bank.
Orr emphasized that this report provides valuable insights into the considerations made by the Monetary Policy Committee when making rate decisions.
He believes that it is more beneficial for the public to directly understand the bank's deliberations rather than relying on interpretations from journalists or analysts.
Orr's comments underscore the significance of transparency in monetary policy and suggest that a deeper understanding of the bank's processes could enhance public discourse.
The 'Record of Meeting' is a valuable resource for those seeking to comprehend the complexities of the Reserve Bank's policy decisions.