Sunday, 23 August 2026
New Zealand’s main opposition Labour Party pledged to restore the central bank’s dual mandate if it wins office in the Nov. 7 election, saying price stability and sustainable employment are both essential for a strong economy.
Headline and excerpt published by Bloomberg Markets. The full article is on their site.
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Read the full story at Bloomberg MarketsA shift toward dual-mandate central banking would prioritize employment alongside inflation control, likely keeping interest rates lower than a pure inflation-fighting regime would otherwise set them.
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