Journal article

New Zealand Reserve Bank reform: phase 1

20 May 2019
Description

Abstract:

The inflation-targeting approach to central banking was invented in New Zealand, before becoming the global standard during the 1990s. Despite this popularity, significant reforms were introduced to the Reserve Bank Act in late 2018 as part of a two-stage review, notably an expanded mandate and a committee decision-making structure. This article reviews the changes in the light of global and domestic challenges to central banking emerging since the global financial crisis.

Publication Details
Volume: 
15
Issue: 
2
Pagination: 
72-79
Language: 
English
Published year only: 
2019
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