The April Monetary Policy Review decision will be released as usual on our website at 2pm. We will hold an online media conference at 3pm, which will also be livestreamed on our website.
Watch the livestream on our media conference page
Governor Breman will be undertaking media engagements in the days following the announcement.
This approach aligns with the Monetary Policy Committee's commitment to greater transparency. Future Monetary Policy Reviews will also follow this revised format. We will review and adapt this format over time in response to stakeholder feedback.
The RBNZ's quarterly Monetary Policy Statement, which includes updated economic forecasts, an Official Cash Rate projection and more detailed forecasts will continue as normal. Monetary Policy Statement releases will also continue to be followed by in-person media conferences. The next quarterly Monetary Policy Statement is scheduled for release on 27 May.
Change of focus for Business NZ speech
On Tuesday 24 March, Governor Breman is scheduled to deliver a keynote speech to Business NZ's CEO Forum in Auckland. The RBNZ previously advised that the speech would touch on the current economic outlook, drawing on insights from the February Monetary Policy Statement, and outline how the Reserve Bank is working to modernise New Zealand's payments system.
Due to the wider economic impact of the ongoing conflict in the Middle East, this speech will now focus on the potential impacts of this evolving situation on the New Zealand economy.
The speech will be published on the RBNZ website at 9am on Tuesday 24 March ahead of two planned external engagement events with Governor Breman that morning. The first engagement is with external economists and analysts, and the second is with Auckland media representatives. The Business NZ CEO Forum event that Governor Breman is speaking at will commence from 2pm. The RBNZ is releasing the speech earlier in the day to ensure that all stakeholders have equitable access to information.
A speech outlining how the Reserve Bank is working to modernise New Zealand's payments system will be delivered at a later date.
This speech will not pre-empt the MPC's April Monetary Policy Review decision. The global environment, and other salient factors, will be discussed in full by the MPC when it meets ahead of its April decision.
More information
Event advisory: Business NZ CEO Forum
