New Zealand’s acting PM Peters: Inflation not sole issue facing the economy
|New Zealand’s acting PM Winston Peters is on the wires now, via Reuters, speaking at his first post-Cabinet press conference.
Peters noted that inflation is not the sole issue facing the economy.
Additional Comments:
Bill to adjust laws governing Reserve Bank of New Zealand (RBNZ) introduced to parliament.
The new bill would add maximum sustainable employment to RBNZ’s mandate alongside price stability.
The new bill would introduce a monetary policy committee to set Official Cash Rate.
Peters has about another fortnight in the top job before PM Jacinda Ardern returns from parental leave.
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