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Monetary Policy Committee Remit Review - Supporting New Zealand's Economic Stability | Toitū te Ōhanga

We are asking the public’s views about the economy, what matters to them and how decisions that we make can affect New Zealander’s daily lives.

We’ll use your feedback to narrow down recommended options for the future Remit that guides our Monetary Policy Committee’s (MPC) decision making. Every five years, we review the Remit to make sure it is robust and relevant to future changes in the economy.

A second consultation, where we will present possible options for changes to the Remit, will be available for your feedback later in the year. This consultation will also seek your views on possible changes to the MPC’s Charter that sets out the MPC’s decision-making and transparency processes.


Why your feedback is important

Monetary policy is important for the wellbeing of New Zealanders. Keeping prices stable means that you can feel confident that your money will be worth roughly the same tomorrow as it is today. By supporting maximum sustainable employment (that’s the highest amount of employment the economy can maintain without creating more inflation), monetary policy can also avoid job losses and economic turmoil when we experience large economic shocks like severe weather events or the current pandemic.

We want to be confident that the Monetary Policy Committee is working and making decisions that are best for New Zealanders. We want to hear your views about any changes you think could better support your wellbeing - both now, and through whatever changes come our way in the future.

Find out more

Read the Summary Guide (PDF 153KB)

Read the Consultation Paper (PDF 3MB)

Learn more about the Monetary Policy Committee


What is Monetary Policy?

What is Inflation?

What is Maximum Sustainable Employment?

Have your say

The first consultation will be open from 1 June – 15 July.  We want to know what you think about different economic scenarios and how they affect your day-to-day life and that of your whānau, your community and your business.

How you can share your thoughts

Take our survey

Take our survey now

Make a submission using our form, or email your submission to us

Complete our online submission form

Email your submission to us at [email protected]