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 Peters’ criticism of the removal a “dead rat” his party had to swallow. The tug-of-war over the Reserve Bank’s core mission is heating up — balancing price stability with full employment remains a delicate, but achievable, act. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/b6e9dfe84f1305e6