The members of the new Monetary Policy.........>

RBNZ: The members of the new Monetary Policy Committee (MPC) were announced

today, delivering on the Coalition Government's plan to reform and modernise the

Reserve Bank Act.

- The MPC was established by the Reserve Bank of New Zealand (Monetary Policy)

Amendment Act 2018. It replaces the previous structure under which the Reserve

Bank Governor alone was responsible for the Bank's monetary policy decisions.

- The committee is a combination of four experienced Reserve Bank economists and

three outside experts:

- Reserve Bank Governor Adrian Orr and Deputy Governor Geoff Bascand are the two

ex officio internal members. Christian Hawkesby and Yuong Ha have been appointed

as the other two internal members. The Governor will Chair the MPC.

- On the recommendation of the Board of the Reserve Bank, the Minister of

Finance has appointed Caroline Saunders, Bob Buckle and Peter Harris as the

external members.