It’s become an annual tradition to begin the New Year’s speaking engagements with the Canterbury Employers’ Chamber of Commerce. The Reserve Bank has been speaking regularly at this event for 22 years, and it’s my great pleasure to join you again. We have often discussed how the Reserve Bank is viewing the state of the economy.
As we enter 2015 my colleagues have several questions on their mind. What might we expect from the global economy and how could it affect us, what are the prospects for our economy and the main areas of risk, and how might monetary policy unfold in the future?