For example, the Reserve Bank Board will meet outside Wellington five times this coming year in Auckland, Christchurch, Dunedin, Rotorua and Palmerston North, holding business functions in each of the five centres and conducting question/answer sessions. We are continuing our regular business visits where we meet with about 50–70 businesses each quarter to understand current business dynamics.
Ladies and gentlemen, reflecting on these principles would lead one to the conclusion that at the end of the day, similar prescriptions should govern a good banking framework. More specifically, that the goal of financial transactions should be to improve a country’s overall economic activity, raise the level of its shared economic prosperity and promote the wellbeing of individual economic agents.