Offline meta reinforcement learning (OMRL) has emerged as a promising approach for interaction avoidance and strong generalization performance by leveraging pre-collected data and meta-learning techniques. Previous context-based approaches predominantly rely on the intuition that maximizing the mutual information between the task and the task representation ($I(Z;M)$) can lead to performance improvements. Despite achieving attractive results, the theoretical justification of performance improvement for such intuition has been lacking. Motivated by the return discrepancy scheme in the model-based RL field, we find that maximizing $I(Z;M)$ can be interpreted as consistently raising the lower bound of the expected return for a given policy conditioning on the optimal task representation. However, this optimization process ignores the task representation shift between two consecutive updates, which may lead to performance improvement collapse. To address this problem, we turn to use the framework of performance difference bound to consider the impacts of task representation shift explicitly. We demonstrate that by reining the task representation shift, it is possible to achieve monotonic performance improvements, thereby showcasing the advantage against previous approaches. To make it practical, we design an easy yet highly effective algorithm RETRO (\underline{RE}ining \underline{T}ask \underline{R}epresentation shift in context-based \underline{O}ffline meta reinforcement learning) with only adding one line of code compared to the backbone. Empirical results validate its state-of-the-art (SOTA) asymptotic performance, training stability and training-time consumption on MuJoCo and MetaWorld benchmarks.