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MNI BRIEF: RBNZ Commences Monetary Policy Review Process

MNI (Sydney)
SYDNEY (MNI)

The Reserve Bank of New Zealand has started a legislated five-yearly review of its monetary policy Remit and Charter which guides the central bank’s decision making in pursuing the goals of stable inflation and maximum sustainable employment.

The process is open to public submissions, and the RBNZ will then deliver advice to the Minister of Finance next year for a decision on how the Remit and the Monetary Policy Charter will change from 2023 to 2028.

“The Reserve Bank is seeking feedback to ensure that the Remit framework is the best it can be for our legislative purpose, and ultimately the prosperity and wellbeing of all New Zealanders. This is the first review of the Remit under new legislation that was passed in 2018,” said RBNZ Governor Adrian Orr.

MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com
MNI Sydney Bureau | +61-405-322-399 | lachlan.colquhoun.ext@marketnews.com

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