In its ongoing review of the Reserve Bank Act4, the Government has made an in-principle decision to change the current objective of that Act from ‘soundness and efficiency’ to ‘protecting and promoting financial stability’.
The implications of any changes to the high-level policy objectives of the Reserve Bank Act will need to be  4 https://www.rbnz.govt.nz/news/2020/07/introduction-of-bill-marks-exciting-new-phase-for-te-putea-matua  7  considered by the IPSA Review, along with other outcomes from the Reserve Bank Act Review.