RBNZ: first round of consultation on monetary policy remit review completed

Wed, 12 Oct 2022

The Reserve Bank of New Zealand (RBNZ) has finished its first round of public consultation on its monetary policy remit review.The central bank launched the review in June to look at any potential changes for the guiding remit for the bank's monetary policy committee, which is tasked with making monetary policy in NZ to maintain price stability and support maximum sustainable employment.Under legislation passed in 2018, the remit is to be reviewed every five years.In 2019, finance minister Grant Robertson and RBNZ governor Adrian Orr signed...

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