New Zealand Labour Opposition Vows to Restore RBNZ Dual Mandate

New Zealand’s main opposition Labour Party pledged to restore the central bank’s dual mandate if it wins office in the Nov. 7 election, saying price stability and sustainable employment are both essential for a strong economy. New Zealand’s main opposition Labour Party pledged to restore the central bank’s dual mandate if it wins office in the Nov. 7 election, saying price stability and sustainable employment are both essential for a strong economy.