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Reserve Bank of New Zealand Act 2021

Reserve Bank of New Zealand - Monetary policy committee - Charter for MPC

102: Content of charter

You could also call this:

"What the Monetary Policy Committee charter must include"

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The charter for the Monetary Policy Committee (MPC) must include some important things. You need to know what the charter says about recording MPC meetings, like what is in the records and when they are published, as stated in clause 55 of Schedule 3. The charter also includes guidelines for MPC members about what they can share publicly. The charter can also talk about other information the MPC shares, how they make decisions, and other matters. You can find more information about the purpose of the charter in section 101. The charter must follow the rules in the Reserve Bank of New Zealand Act 2021, so it cannot say anything that contradicts the Act.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287135.

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"A Guide for the Monetary Policy Committee to Make Good Decisions"

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Part 2Reserve Bank of New Zealand
Monetary policy committee: Charter for MPC

102Content of charter

  1. The charter must include the following:

  2. requirements for summary records of the MPC’s meetings under clause 55 of Schedule 3 (including the content of the records, when and how those records must be published, and matters relating to the record of votes); and
    1. guidelines or requirements relating to the publication or disclosure by a member of the MPC of any matter relating to the MPC or its functions or powers.

      1. The charter may also include—

      2. requirements relating to other information that must or may be published by or on behalf of the MPC, including when and how that information must or may be published; and
        1. decision-making procedures; and
          1. any other matters that—
            1. this Act provides are to be or may be dealt with by the charter; or
              1. are otherwise for the purpose set out in section 101.

              2. The charter must not be inconsistent with anything in this Act.

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