6 For further historical background, see Wright (2006), The Policy Origins of the Reserve Bank of New Zealand, RBNZ Bulletin, Vol. 69. No. 3. Sep 2006 https://www.rbnz.govt.nz/research-andpublications/reserve-bank-bulletin/2006/rbb2006-69-03-01  Page 3 of 11  Second, just like Tāne Mahuta, change cannot happen in isolation. The role of a kaitiaki is to protect.
Many have contributed to make this possible but it is justifiable to stress the importance of good leadership for the whole endeavour. So, I think it is appropriate to take this opportunity to pay tribute and express our gratitude to Wim Duisenberg for his role as the first President of the ECB.