Donald T Brash: Should the Reserve Bank of New Zealand have eased as fast as the Federal Reserve? Speech by Dr Donald T Brash, Governor of the Reserve Bank of New Zealand, to the Rotary Club of Auckland, Auckland, New Zealand, 21 May 2001.
*  *  *  Introduction Over recent days, the Reserve Bank of New Zealand has puzzled a lot of people – indeed even angered a few! – because we have been slower to ease monetary policy than they have expected or wanted, and slower than central banks in some other countries.