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What consultation, if any, was undertaken with the former Acting Reserve Bank Governor regarding the establishment of the independent review of New Zealand’s monetary policy response to the Covid-19 pandemic?

Answered Question 3963 (2026)
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Asked by

Barbara Edmonds

Member for Mana · Labour Party

Question

  • What consultation, if any, was undertaken with the former Acting Reserve Bank Governor regarding the establishment of the independent review of New Zealand’s monetary policy response to the Covid-19 pandemic?

Answered by

Hon Nicola Willis

List MP · National Party · Minister of Finance

Answer

On 10 July 2025, I wrote to the Reserve Bank to consult it on the draft terms of reference for a review under section 194 of the Reserve Bank of New Zealand Act 2021. The letter is available on the Treasury’s website at https://www.treasury.govt.nz/publications/information-release/independent-review-monetary-policy.