Reserve Bank of New Zealand (RBNZ)

The Reserve Bank of New Zealand (RBNZ) is the central bank of New Zealand, tasked with ensuring the stability of the country’s monetary and financial systems. Its primary mission is to manage the nation's monetary policy, maintain financial stability, and promote a healthy and efficient financial environment.

The Monetary Policy Committee (MPC) in New Zealand is responsible for shaping the country's monetary policy, aiming to maintain price stability and support sustainable employment levels. Key members include:

• Adrian Orr (Governor) serving from 2018-2023;
• Geoff Bascand (Deputy Governor) with a term from 2018-2023;
• Christian Hawkesby (Assistant Governor) serving from 2019-2024;
• Yuong Ha (Chief Economist), who took on the role formally after a temporary appointment in 2019.

This group helps steer New Zealand’s economic direction through their policy decisions.

The Reserve Bank of New Zealand releases key information on its monetary policy and financial stability through several channels. It publishes Monetary Policy Statements (MPS) quarterly, Official Cash Rate (OCR) announcements every six weeks, and Financial Stability Reports twice a year. Upcoming releases are listed on the RBNZ website.

The RBNZ also gives over 120 presentations annually to business groups, usually at invitation-only or closed events. Public speeches are announced in advance, with most being accompanied by news releases.