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Economics
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RBNZ to focus on price stability, employment gone under new Govt

Coalition Government agrees to remove the RBNZ's dual mandate to just target inflation.

National and Act were critical of the RBNZ's dual mandate in recent years.

The Reserve Bank will return to its sole focus of keeping inflation between 1-3%, removing the dual mandate of also ensuring maximum sustainable employment.

It was confirmed by the new coalition Government today, as Christopher Luxon, Winston Peters, and David Seymour outlined ministerial positions

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RBNZ to focus on price stability, employment gone under new Govt
Economics,
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