Similar committees function also at the District and the Block Levels. These meetings are also held at quarterly intervals and the Reserve Bank plays a pro-active role in these meetings. Many steps have been taken in the NER to increase credit flow to agriculture.
As was mentioned, the importance of having a carefully planned communication strategy is well captured in the statement by a Deputy Governor of the Federal Reserve Bank of New Zealand, that ‘central bank’s pronouncements have economic and social impact.’ 4.