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...

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