Has she requested advice, if any, on the decision to remove the employment leg of the Reserve Bank dual mandate in 2023, including any cost-benefit analysis?

Answered Question 11239 (2026)

Question published: 23 March 2026
Reply lodged: 7 April 2026

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Asked by

Barbara Edmonds

Member for Mana · Labour Party

Question

Has she requested advice, if any, on the decision to remove the employment leg of the Reserve Bank dual mandate in 2023, including any cost-benefit analysis?

Answered by

Hon Nicola Willis

List MP · National Party · Minister of Finance

Answer

Advice I have received from the Treasury and Reserve Bank regarding the dual mandate is publicly available at https://www.treasury.govt.nz/publications/information-release/reserve-bank-dual-mandate, https://www.treasury.govt.nz/publications/risa/regulatory-impact-statement-removing-dual-mandate-reserve-bank-new-zealand-act-2021 and https://www.rbnz.govt.nz/-/media/project/sites/rbnz/files/monetary-policy/letter-to-mof-responding-to-remit.pdf.