Story: Reserve Bank

Wages and inflation

Wages and inflation

This cartoon, published in 2000, playfully highlights Reserve Bank Governor Don Brash's inflation-control responsibilities. He is trying to iron a wage shirt still on the back of a worker using inflation control. Higher wages are an inflationary pressure and Brash wanted to keep wage growth moderated.

Using this item

Alexander Turnbull Library
Reference: DCDL-0009203
Cartoon by Malcolm Walker

Permission of the Alexander Turnbull Library, National Library of New Zealand, Te Puna Mātauranga o Aotearoa, must be obtained before any re-use of this image.

All images & media in this story

How to cite this page:

John Singleton, 'Reserve Bank - Central bank independence', Te Ara - the Encyclopedia of New Zealand, (accessed 29 May 2022)

Story by John Singleton, published 20 Jun 2012