New Zealand was the first country to set a clear goal for controlling inflation through a formal agreement between the government and the central bank. This agreement was made in 1990 and was part of the Reserve Bank Act. By 2014, over 25 countries had adopted similar inflation targeting agreements. In the late 1980s, New Zealand economists were asked if the central bank should have a specific target for inflation. The responses to this question and related documents are documented in this paper.