Reserve Bank increases communication
He told the University of Auckland Business School that transparent and open communication about the bank's policy decisions was important.
Wheeler said global financial markets were still dealing with major regulatory changes and the adjustments taking place in government, corporate, financial sector and household balance sheets.
“The spill-overs from these adjustments, and the fiscal and monetary responses to them, can be especially challenging in small open economies with stronger growth prospects, and where there are high expectations of what central banks can achieve.”
He said it was important that people understood how the Reserve Bank made decisions, and why.
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