Major changes are set to make future Official Cash Rate decisions far more transparent. 

The RBNZ's Monetary Policy Committee will release details of who voted which way to the public if they're unable to come to consensus.  

Committee members are also encouraged to speak openly about monetary policy. 

Former Reserve Bank Special Advisor Geof Mortlock told Mike Hosking that he and other economists have been advising Treasury and the Minister to move in this direction for some time. 

He says it’ll strengthen the accountability and transparency of the Committee. 

LISTEN ABOVE  

Major changes are set to make future Official Cash Rate decisions far more transparent.&nbsp;
The RBNZ's Monetary Policy Committee will release details of who voted which way to the public if they're unable to come to consensus. &nbsp;
Committee members are also encouraged to speak openly about monetary policy.&nbsp;
Former Reserve Bank Special Advisor Geof Mortlock told Mike Hosking that he and other economists have been advising Treasury and the Minister to move in this direction for some time.&nbsp;
He says it’ll strengthen the accountability and transparency of the Committee.&nbsp;
LISTEN ABOVE &nbsp;

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Open your mind to the world with New Zealand’s number one breakfast radio show. Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda. The sharpest voice and mind in the business, Mike drives strong opinion, delivers the best talent, and always leaves you wanting more. The Mike Hosking Breakfast always cuts through and delivers the best daily on Newstalk ZB.

Open your mind to the world with New Zealand’s number one breakfast radio show.Without question, as New Zealand’s number one talk host, Mike Hosking sets the day’s agenda.The sharpest voice and mind in the business, Mike drives strong opinion,...

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Geof Mortlock: Former Reserve Bank Special Advisor on the shift to make OCR votes public

https://api.omny.fm/orgs/7784f840-c291-422a-924b-ad9000bbad71/clips/ac40f54d-8ae0-4770-ba27-b43c015c6a5e/transcript