Reserve Bank of New Zealand Act 1989

Release date
01/03/1990
Reference
Vol. 53. No. 1. March 1990
Author
Stephen Alan Dawe
Main file

This article, prepared by Stephen Dawe, describes the main features of the recently enacted Reserve Bank of New Zealand Act 1989. It discusses the two major areas of reform contained in the legislation (monetary policy and prudential supervision) and outlines why the Act was needed. The Act came into force on 1 February 1990.