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Reserve Bank Committed To Its Kaitiaki Role

Statement of Intent (SOI) for 2021 – 2024, released today. Reserve Bank Governor Adrian Orr said Te Pūtea Matua is evolving and transforming into a more modern, agile, and effective central bank to fulfil its ultimate purpose of Toitu te Ōhanga, Toitu te Oranga (enabling the prosperity and wellbeing of all New Zealanders). The Reserve Bank delivers this purpose through its mandate of operating monetary policy to maintain low and stable inflation and contribute to maximum sustainable employment, promoting a sound and efficient financial system, meeting the public’s cash needs, and overseeing effective payments systems. “We approach our mandate in a holistic

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