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New Zealand · Economy & Business · Normal
The Reserve Bank of New Zealand, established in 1934, was the first central bank to adopt which monetary policy framework in 1990?
- A Exchange rate targeting
- B Gold standard
- C Money supply targeting
- D Inflation targeting ✓
New Zealand pioneered formal inflation targeting when the Reserve Bank Act 1989 came into effect, requiring the central bank to maintain price stability within a specified band.