Story: Reserve Bank

Reserve Bank governor Ray White

Reserve Bank governor Ray White

Reserve Bank governors found it challenging working with Robert Muldoon, who was prime minister from 1975 to 1984, because Muldoon expected them to follow his orders. Ray White became Reserve Bank governor in 1977, but declined a second term in 1982 because he could not work constructively with Muldoon. He is seen here in 1982.

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Photograph by Jane Ussher

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How to cite this page:

John Singleton, 'Reserve Bank - Reserve Bank, 1936 to 1984', Te Ara - the Encyclopedia of New Zealand, http://www.TeAra.govt.nz/en/photograph/33457/reserve-bank-governor-ray-white (accessed 6 December 2019)

Story by John Singleton, published 20 Jun 2012