What are the specific terms of engagement for Dr Orphanides as a reviewer in the independent review of New Zealand’s monetary policy response to the Covid-19 pandemic?

Answer

Dr Ophanides has been contracted to work with Mr Archer to produce a written report that assesses the performance of monetary policy during the COVID-19 pandemic and makes recommendations to improve the monetary policy response to future shocks in accordance with the terms of reference for the review. The terms of reference are available on the Treasury’s website at https://www.treasury.govt.nz/publications/information-release/independent-review-monetary-policy.