RBNZ faces mandate review under new government
Coalition agreement retains Labour pledge to consider shake-up of Reserve Bank mandate
New Zealand’s freshly formed coalition government is to press ahead with a campaign pledge to review the country’s central bank act.
Incoming prime minister and Labour leader Jacinda Ardern confirmed the plans today (October 24) while setting out a coalition agreement with the New Zealand First party, and a confidence and supply agreement with the Greens.
The review of the Reserve Bank of New Zealand’s mandate was a manifesto pledge by the Labour party, which cited the need for “modernisation
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