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Reserve Bank of New Zealand Act 2021

Central bank functions - Monetary policy - Reports on monetary policy

129: Regular reports on monetary policy

You could also call this:

"The Bank must give regular reports on its money decisions to the government at least 4 times a year."

Illustration for Reserve Bank of New Zealand Act 2021

The Bank has to give reports on monetary policy to the Minister at least 4 times a year. You can find a copy of each report on the Bank's Internet site. The Bank must make sure the report is approved by the Monetary Policy Committee before giving it to the Minister. The Bank gives these reports to the Minister and they are also sent to the House of Representatives. The reports are available for you to see on the Internet. The Bank follows a charter that says how often they must give these reports. You can compare this to an older law, the 1989 law, by following the link to https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS180671. The Bank has to follow the rules and give the reports as required. The reports help keep you informed about what the Bank is doing with monetary policy.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS287174.

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130: Contents of reports on monetary policy, or

"What's in a Report About Monetary Policy?"

Part 3Central bank functions
Monetary policy: Reports on monetary policy

129Regular reports on monetary policy

  1. The Bank must, at least 4 times a year (or more frequently if required by the charter),—

  2. deliver reports on monetary policy to the Minister; and
    1. publish a copy of each report on an Internet site maintained by, or on behalf of, the Bank.

      1. The Bank must ensure that the report has been approved by the MPC before it is delivered to the Minister.

      2. Every report under this section stands referred, by virtue of this section, to the House of Representatives.

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