Unconventional monetary policies affect New Zealand  First, post-GFC, we are operating in a world where many advanced economies have deployed unconventional monetary policy. With policy interest rates near zero, quantitative easing and forward guidance have become instruments of choice. These policies and their communication lessons have important spillovers for New Zealand.
9  Minutes and papers of the Reserve Bank Board reviewing the Governor’s prior Monetary Policy Statements and OCR decisions are commonly released under the Official Information Act, although sensitive material may be withheld. 10  http://www.treasury.govt.nz/economy/regulation/bestpractice/bpregmodel-jul12.pdf.