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Reserve Bank of New Zealand Act 2021

Central bank functions - Monetary policy - Formulating monetary policy

119: What MPC must have regard to in formulating monetary policy

You could also call this:

"Things to consider when making money decisions in New Zealand"

Illustration for Reserve Bank of New Zealand Act 2021

When you are making decisions about money in New Zealand, you must think about some important things. You need to consider how to keep the country's money system safe and working well. You also need to think about what the MPC remit says under section 123(2)(d). You are following rules set out in section 117 when you make these decisions. There is another rule in section 125 that you must also consider when making these decisions.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS289746.

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Money and consumer rights > TaxesMoney and consumer rights > Banking and loans
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118: MPC must formulate monetary policy in manner consistent with economic objective and MPC remit, or

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Part 3Central bank functions
Monetary policy: Formulating monetary policy

119What MPC must have regard to in formulating monetary policy

  1. The MPC must, in acting under section 117, have regard to—

  2. the importance of protecting and promoting the stability of New Zealand’s financial system; and
    1. any matter provided for in an MPC remit under section 123(2)(d).

      1. Subsection (1) is subject to section 125.

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