CB independence under threat in New Zealand
According to this note by a New Zealand-based economic research company, Allan Bollard, the governor of the Reserve Bank of Zealand, has adopted an experimental "go for growth" monetary policy strategy.
A move away from this approach could make the governor unpopular with his political counterparts. The author of the note, Rodney Dickens, managing director of Strategic Risk Analysis Limited, suggests that "Bollard experimented with much lower interest rates than history suggested was required to
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