We are committed to meeting the currency needs of the people, ensuring low and stable inflation, maximising sustainable employment, and promoting a sound and efficient financial system. These activities are necessary for economic well-being. But, I also want to assure you we will work beyond just the ‘necessary’.
We will ensure that both ‘necessary’ and ‘sufficient’ work is done so that the Bank is best able “to promote the prosperity and well-being of New Zealanders, and contribute to a sustainable and productive economy”.35 I am told that the first step to running a marathon is to tell everyone of your intentions. Commit.