The Governing Committee was formed, with this committee responsible for reaching a decision  1  See: Lees (2016), ‘Assessing forecast performance’, Reserve Bank of New Zealand Bulletin, Vol. 79. No. 10.
June 2016; Reid (forthcoming), ‘Evaluating the Reserve Bank’s forecasting performance’, Reserve Bank of New Zealand Bulletin; and Richardson (2016), ‘Behind the scenes of an OCR decision in New Zealand’ Reserve Bank of New Zealand Bulletin, Vol. 79. No. 11. July 2016.