Reserve Bank of New Zealand (Monetary Policy) Amendment Bill

About this bill

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.

Current status

Royal Assent given 20 December 2018.
Enacted as the Reserve Bank of New Zealand (Monetary Policy) Amendment Act 2018 (2018/59)

Member of Parliament responsible
Bill type

Government bill



All data
Bill type Government bill
Parliament 52
Ref 79-3
Introduced 23 July 2018
First reading 26 July 2018
Select Committee Finance and Expenditure Committee
Public submissions due 7 September 2018
Select Committee report back 15 November 2018
Second reading 4 December 2018
Committee of the whole House 11 December 2018
Third reading 18 December 2018
Royal Assent 20 December 2018
Enacted as Reserve Bank of New Zealand (Monetary Policy) Amendment Act 2018 (2018/59)
Divided No

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