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RBNZ’s objective: keep people in work to reduce income inequality

Adrian Orr says unemployment worsens economic wellbeing and income inequality.

Brent Edwards Wed, 02 Sep 2020

Reserve Bank of New Zealand governor Adrian Orr has defended the bank’s monetary policy, even though he acknowledged lower interest rates inflate asset prices.

Critics of the RBNZ’s intention to use a negative official cash rate next year, on top of its already-low OCR and expansive use of

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RBNZ’s objective: keep people in work to reduce income inequality
Politics,
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