Reserve Bank of New Zealand (Monetary Policy) Amendment Bill

Bills are proposals to make a new law or to change an existing one. Only Parliament can pass a bill. Each bill goes through several stages, giving MPs and the public the chance to have their say.

The main objectives of this bill are to amend the objectives of monetary policy to require consideration of maximum sustainable employment alongside price stability in monetary policy decision making, and to institute a monetary policy committee to make decisions on monetary policy.