The Bank manages monetary policy to maintain price stability, promotes the maintenance of a sound and efficient financial system and supplies New Zealand banknotes and coins.
Read the policy assessment, the full Monetary Policy Statement (PDF 1.9MB), download the data (Excel 2.3MB) or view the webcast.
The Reserve Bank will need to draw on all its policy instruments to achieve its price and financial stability objectives in an environment of domestic and external pressures, Governor Graeme Wheeler said today.
The Reserve Bank today released its response to submissions (PDF 207KB) and a paper summarising its final policy position (PDF 305KB) following the public consultation on its macro-prudential policy framework which took place in March and April.
The Minister of Finance, Hon Bill English, and Reserve Bank Governor, Graeme Wheeler, have signed a Memorandum of Understanding on Macro-Prudential Policy, as announced today in the Government's Budget Statement.