Mr Brash addresses the question: What can New Zealanders expect of monetary policy in the long term? Address by Donald T Brash, Governor of the Reserve Bank of New Zealand, to the Northern Club, Auckland on 25 March 1999.
The view that the authorities have about the expansion of financial intermediation is that it cannot only be confined to the physical presence of bank branches in rural areas. It should be done in a broad and integrated way, making use of the advantages offered by the information technology systems.