Central bank governor to get 'mates' under Labour monetary policy rejig

Pattrick Smellie
Sun, 09 Apr 2017

By Pattrick Smellie April 10 (BusinessDesk) - A Labour Party-led government would end the Reserve Bank governor's 'single decision-maker' power over monetary policy settings, moving to a system more akin to that used in Australia and other countries, with decision-making by committee and involving external experts. Labour's finance spokesman, Grant Robertson, confirmed the long-expected move yesterday morning and reaffirmed Labour's intention to make the central bank focus as much on unemployment rates as the inflation rate in setting mon...

Not convinced yet?

Subscribe to our Daily News Update free newsletter.

Opinion
Putin's war is a challenge to global corporate conscience
David Brain | Sat, 28 May 2022

Global businesses with strong retail brands appear the most likely to stop doing business in Russia altogether, but there are holdouts.

On the Money
ON THE MONEY: Greg Foran, Straker and Ryman Healthcare
Victoria Young | Sat, 28 May 2022

OTM this week: The PM’s US tour, Grant Robertson’s golden rules, Greg Foran and more.

Politics
Sydney firm to build NZ Police’s arms information system
Ava Bradley | Fri, 27 May 2022

The company’s software will provide a secure digital database of all firearms transactions and legally owned firearms in NZ and is estimated to bring in $13 million for the ASX-listed company.

Partner content
Small business lessons for attracting and retaining staff

Employers battling through the ‘Great Resignation’ are now faced with the ‘Great Brain Drain’.

Partner content
People leaders are key to wellbeing but still need help

One in three people say they have experienced an issue with an unsupportive manager