Governing Interest: National and Act are convinced the Reserve Bank should return to a single inflation-busting mandate, but will NZ First reverse its previous firm support for amendments backed by Labour and the Greens?
National and Act have blamed excessive inflation on the RBNZ’s dual policy mandate.
A week before Christmas 2018, NZ First MP Shane Jones, at the time Regional Economic Development Minister in the Labour-led Government of Jacinda Ardern, was on his feet in Parliament offering his firm support for the Reserve Bank Amendment Bill.
“I’ll make a prediction,” he said.
“The other
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