Financial institutions that adapt will survive, and  1  See, for example, D. Tapscott and A. Tapscott, Blockchain Revolution: How the Technology Behind Bitcoin Is Changing Money, Business, and the World (New York: Portfolio, 2016); Mark Walport, Distributed Ledger Technology: Beyond Block Chain (London: Government Office for Science, 2016). 2  OMERS Ventures, “Canadian Next-Gen Financial Technologies & Services,” September 2015.
Figure 1 The monetary policy decision making process in New Zealand  After consideration of this information, the Governing committee meet on day five of this process to reach a broad range of decisions on monetary policy. The meeting has a number of goals. One aspect of the decision-making process is to reach a decision on the OCR.