Who runs NZ?
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Reserve Bank of New Zealand / Te Pūtea Matua
Reserve Bank of New Zealand / Te Pūtea Matua
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- The Reserve Bank of New Zealand is New Zealand’s central bank.
- Operates monetary policy by setting the Official Cash Rate (OCR) to keep prices stable.
- Helps to keep the banking, finance company and insurance sectors running smoothly, and supplies NZ’s money, eg notes and coins.
- The Governor of the Reserve Bank is accountable to the government for the bank’s performance, but in most other areas has statutory independence.
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