Browser issue

It looks like the browser you're using doesn’t work well with our website. For a better experience, please update to the latest version of Chrome, Edge, Firefox or Safari.

Letter of expectations 2025

The 2025 letter of expectations from the Minister of Finance.

Every year the Minister of Finance sends a letter of expectations to the RBNZ. Here is the Letter of Expectations for 2025/26. 
In line with accountability and transparency arrangements under the RBNZ Act, the RBNZ Board replies to the Minister’s letter with a strategic issues letter. This is published below.