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FRBSF: Economic Letter - Accountability in Practice: Recent Monetary Policy in New Zealand (9/9/96) (1933 words) |
 | In New Zealand, the inflation rate, as measured by the Reserve Bank of New Zealand's estimate of underlying inflation, was 2.1 percent for the year ending March 1996. |
| First, New Zealand was in the vanguard of the recent wave of central bank reforms, and as such provided an early example for other nations looking to insulate their central bank from direct electoral influences. |
| In New Zealand, for example, the inclusion of interest costs in the CPI means that contractionary monetary policy--policy that boosts interest rates in the short term--increases inflation as measured by the CPI. |
| National Bank of New Zealand - Wikipedia, the free encyclopedia (261 words) |
| The National Bank of New Zealand (NBNZ) is one of New Zealand's largest banks. |
| 1992: NBNZ purchases Rural Bank, the New Zealand farmers' bank. |
| 2003: ANZ New Zealand purchases NBNZ from Lloyds TSB. |
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