13 Dec 2023

Changing Reserve Bank mandate 'pointless' - Hipkins

From Morning Report, 8:10 am on 13 December 2023

The Labour Party says the government's moves to change the Reserve Bank's mandate is pointless, and a backwards step. The bill, being passed under urgency through all stages, is the first piece of legislation for the new government. It would remove the Reserve Bank's dual-mandate, meaning it would no longer be required to push for maximum sustainable employment levels across the country. The legislation passed through its second reading last night. Labour Party leader Chris Hipkins is with us now...