Sound policies across the whole breadth of the economy are the best way of ensuring that the exchange rate recovers over the medium term, and of course the best way of ensuring prosperity for all New Zealanders as well. A prosperous New Zealand, with low inflation, will enjoy a strong currency over the long term, and productivity growth to justify that strength.
2  The Pros and Cons of Currency Union: A Reserve Bank Perspective, a speech to the Auckland Rotary Club on 22 May 2000. BIS Review 86/2000  6