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Independent Review Launched on NZ Monetary Policy Response to Covid-19

3 hours ago | 43 views

The New Zealand Government has launched an independent review to evaluate the monetary policy response to the Covid-19 pandemic, aiming to identify lessons for future major events. The review will focus on the Reserve Bank's decisions, communication, use of additional tools like the Large Scale Asset Purchase programme, and coordination with fiscal policy, with monetary policy experts Athanasios Orphanides and David Archer appointed to lead it. The findings are expected by August 2026 and will be publicly released in September 2026.

Tags: Nicola Willis Athanasios Orphanides David Archer Reserve Bank of New Zealand Monetary Policy Committee Large Scale Asset Purchase Official Cash Rate New Zealand government Bank for International Settlements