Graeme Wheeler: Decision making in the Reserve Bank of New Zealand Speech by Mr Graeme Wheeler, Governor of the Reserve Bank of New Zealand, to the University of Auckland Business School, Auckland, 7 March 2013.
*  *  *  I’m sure that central banking was the furthest thing from his mind when the British mountaineer, Eric Langmuir aptly said: “A decision without the pressure of consequence is hardly a decision at all”. Central bankers are often criticised for avoiding decisions, although leaving policy settings unchanged is often a major decision in itself.