National vows to single out inflation

Some critics have argued the RBNZ's dual mandate has led to higher inflation in recent years. (Image: Getty)

Wed, 04 Oct 2023

The National party has pledged to change the Reserve Bank of New Zealand’s mandate should it be elected to government on Oct 14, but will it make a difference?Its recently unveiled 100-day action plan includes legislation to remove the central bank’s dual mandate.The government introduced the dual mandate in 2018 as part of broader plans to modernise the legislation that governed the Reserve Bank of NZ (RBNZ), said the Labour party's finance spokesperson, Grant Robertson.Under the dual mandate, the RBNZ must support employment a...

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