Innovation and Independence: The Reserve Bank of New Zealand

This study of the Reserve Bank of New Zealand reveals why the Bank's presence in the national life is strong; illustrates how it is internationally renowned for its mandate to eliminate inflation, having been the first reserve or central bank in the world to adopt the "inflation targeting" approach to monetary policy; and looks at how the Bank maintains the integrity of the currency, preserves the stability of the financial system, and undertakes a range of activities on behalf of the people…