FILE PHOTO - New Zealand Labour leader Jacinda Ardern speaks to the press after leader of New Zealand First party Winston Peters announced his support for her party in Wellington, New Zealand, October 19, 2017. REUTERS/Charlotte Greenfield
SYDNEY (Reuters) - New Zealand prime minister-designate Jacinda Ardern said on Tuesday her new Labour-led government planned to review and reform the central bank act.
Labour has already said it wants to add employment to the Reserve Bank of New Zealand's mandate, alongside inflation, to give it a dual target. New Zealand First, the junior partner in the coalition government, also wants to broaden the central bank's focus to include greater management of the local dollar's value against other currencies.
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