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Dual Mandate Back on Table | Auckland News
Economist Cameron Bagrie argues the Reserve Bank can successfully juggle both inflation control and job creation, pointing to successful examples in the U.S. and Australia. With unemployment at 5.3% and potential rises on the horizon, the debate reignites as Winston Peters pushes to reinstate the dual mandate — a policy scrapped by the current coalition in December 2023. While critics fear job-focused goals could undermine inflation control, Bagrie insists price stability remains paramount. He believes reverting to the previous Labour-era mandate wouldn’t cause major disruption, calling…
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