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PMs should be mum on the cash rate
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PMs should be mum on the cash rate
I am a purist when it comes to Reserve Bank independence over setting the Official Cash Rate. I have long advocated that PMs and Finance Ministers shouldn’t express a view in public or private as to what they think the Reserve Bank should do. In 2011 I did a post titled “Bad John” when John Key merely said: Well that’s a matter for the Reserve Bank Governor, and it’s for him to decide and him alone to decide what happens on Thursday but certain…
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