Source: New Zealand Parliament – Hansard
TUESDAY, 12 DECEMBER 2023
(continued on 13 December 2023)
RESERVE BANK OF NEW ZEALAND (ECONOMIC OBJECTIVE) AMENDMENT BILL
In Committee
Debate resumed.
Part 1 Amendment to Reserve Bank of New Zealand’s objectives
CHAIRPERSON (Barbara Kuriger): Members, the committee is resumed on the Reserve Bank of New Zealand (Economic Objective) Amendment Bill. When we suspended overnight, we were considering Part 1. Once again, the question is that Part 1 stand part.
Members, before we begin, I will inform the committee that we have received a number of tabled amendments on this part of the bill. Some are in order and will be voted on. A number of amendments are contrary to the objectives and principles of the bill. The bill has a specific intention that is to narrow the Reserve Bank’s economic objectives to a single focus on price stability. I have considered some amendments in the name of Hon Grant Robertson that would expand the Reserve Bank’s economic objectives and are therefore out of order.
