For many people, their understanding of the role of the Reserve Bank is limited to setting the level of the Official Cash Rate and/or providing notes and coins for New Zealand. However, our remit and goals are much broader than just those important functions. I will outline some of these tasks and challenges today.
Shortly after I joined the Bank we outlined our ambitious vision to be a ‘Great Team and the Best Central Bank’.1,2 They say the first step to running a marathon is to tell everyone of your intention. This is our marathon.