New Zealand Reserve Bank Reform

Phase One

  • Ben Thirkell-White


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.


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How to Cite
THIRKELL-WHITE, Ben. New Zealand Reserve Bank Reform. Policy Quarterly, [S.l.], v. 15, n. 2, may 2019. ISSN 2324-1101. Available at: <>. Date accessed: 11 aug. 2020. doi: