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Press Release – New Zealand National Party
National welcomes the Reserve Banks announcement that it will reduce the level of monetary stimulus, and it comes none too soon, Nationals Shadow Treasurer Andrew Bayly says. This doesnt come as a surprise given the overwhelming evidence …
National welcomes the Reserve Bank’s announcement that it will reduce the level of monetary stimulus, and it comes none too soon, National’s Shadow Treasurer Andrew Bayly says.
“This doesn’t come as a surprise given the overwhelming evidence that the economy is heating up too much too quickly.
“While a low Official Cash Rate and the Large Scale Asset Purchase Programmes were seen at the start of 2020 as an important way of supporting the economy during the pandemic, they have done their job and it’s time to put monetary policy back on normal footing. ....

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