At Te Pūtea Matua, it is the role of the Monetary Policy Committee to navigate the right settings for monetary policy to achieve our mandate for low and stable inflation and contributing to maximum sustainable employment.
This is our best contribution to the ultimate purpose of the Reserve Bank, which is to enable prosperity and wellbeing of all New Zealanders: Toitū te Ōhanga, Toitū te Oranga. Along the way, we need to steer our way through uncertainties and threats to our mandate from the evolving economic environment. Our least regrets approach is one tool to navigate these judgements.