5  New Zealand Herald, 3 August 1990. BIS Review 5/2002  5  At no time did we have an exchange rate target in the conventional sense.
Naturally, my colleagues on Governing Council and I talked a lot about where we think the economy will go from here. And we saw some reasons to be hopeful that the worst can be avoided. First, we noted that a gradual reopening of the economy is starting in most areas of the country.