Finally, I would like once again to commend this initiative of the Financial Markets Association to organize this workshop and I am sure that participants will make the most of it. I now have the pleasure to declare this Workshop open. I hope you will find it instructive and rewarding. Thank you. BIS Review 34/2008  3
The PTA now reads that “… the Bank shall formulate and implement monetary policy with the intention of maintaining a stable general level of prices, so that monetary policy can make its maximum contribution to sustainable economic growth, employment and development opportunities within the New Zealand economy”. WHAT IS INFLATION TARGETING?