Incoming New Zealand government to review central bank objectives


  • World
  • Tuesday, 24 Oct 2017

New Zealand's Prime Minister-designate Jacinda Ardern speaks as she stands next to New Zealand First party leader Winston Peters after their meeting in Wellington, New Zealand, October 24, 2017. REUTERS/Nicolaci da Costa

WELLINGTON (Reuters) - New Zealand's new government plans to review and reform the Central Bank Act to possibly include employment, alongside inflation, as a dual target, Labour Prime Minister-elect Jacinda Ardern said on Tuesday.

The populist New Zealand First, the junior partner in the new Labour-led 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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