Reserve Bank of New Zealand Act 2021

Central bank functions - Monetary policy - Reports on monetary policy

130: Contents of reports on monetary policy

You could also call this:

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

Illustration for Reserve Bank of New Zealand Act 2021

When you read a report about monetary policy, you will see it must do a few things. It must say how the Monetary Policy Committee plans to achieve its goals. You will also see the reasons why they chose that plan. The report must also include any other information that the charter says is required. This is so you can understand what the Monetary Policy Committee is doing and why. You can find more about this in section 129.

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View the original legislation for this page at https://legislation.govt.nz/act/public/1986/0120/latest/link.aspx?id=LMS289771.

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129: Regular reports on monetary policy, or

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


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131: Longer-term report on formulation and implementation of monetary policy, or

"The Reserve Bank checks and reports on its money decisions every 5 years."

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

130Contents of reports on monetary policy

  1. Every report under section 129 must—

  2. specify the approach by which the MPC intends to achieve the operational objectives; and
    1. state the MPC’s reasons for adopting that approach; and
      1. contain all other information required by the charter (if any).
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