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Reserve Bank issues Briefing

22 November 2005

Reserve Bank issues Briefing

The Reserve Bank today released a Briefing on the Reserve Bank of New Zealand. The Briefing was prepared prior to the General Election as a resource for the incoming Minister of Finance.

The Briefing outlines the key functions of the Reserve Bank, each of which contributes to the goal of promoting and maintaining a stable macroeconomic environment and a sound and efficient financial system.

Section one summarises the Bank's institutional arrangements, and, in particular, the mandate established by the Reserve Bank of New Zealand Act 1989.

Sections two, three and four cover respectively: monetary policy, financial system stability, and the Bank's other functions and activities. Each section provides an accessible summary of both the institutional context within which the Reserve Bank operates and the policy issues that the Bank is currently working on.

The Briefing on the Reserve Bank of New Zealand is available on the Bank's website at

http://www.rbnz.govt.nz/about/whatwedo/0122541.html.

ENDS

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