22 November 2005
Reserve Bank issues Briefing
The Reserve Bank today released a Briefing on the Reserve Bank of New Zealand. The Briefing was prepared prior to the
General Election as a resource for the incoming Minister of Finance.
The Briefing outlines the key functions of the Reserve Bank, each of which contributes to the goal of promoting and
maintaining a stable macroeconomic environment and a sound and efficient financial system.
Section one summarises the Bank's institutional arrangements, and, in particular, the mandate established by the Reserve
Bank of New Zealand Act 1989.
Sections two, three and four cover respectively: monetary policy, financial system stability, and the Bank's other
functions and activities. Each section provides an accessible summary of both the institutional context within which the
Reserve Bank operates and the policy issues that the Bank is currently working on.
The Briefing on the Reserve Bank of New Zealand is available on the Bank's website at
http://www.rbnz.govt.nz/about/whatwedo/0122541.html.
ENDS