BIS central bankers’ speeches  2014 marks 25 years since our inflation targeting regime was introduced – and over 20 years since low inflation was accomplished. Pretty much a whole generation of New Zealanders has not had to experience the distortions and inequities of high inflation that characterised the 1970s and 1980s.
T T Mboweni: The global economy and central banking in Africa Address by Mr T T Mboweni, Governor of the South African Reserve Bank, at the National Bank of Belgium, Brussels, 9 November 2004. * 1. *  *  Introduction  The global economy changed considerably in recent years with important consequences for central banking.