NZ Government Removes Employment, Housing from RBNZ
Policy Remit
https://www.bloomberg.com/news/articles/2023-12-13/nz-government-removes-employment-housing-from-rbnz-policy-remit
Australia to Introduce Legislation to Overhaul
Central Bank
https://www.bloomberg.com/news/articles/2023-11-26/australia-to-introduce-legislation-this-week-to-overhaul-the-rba
Borrowers may wish the government could overrule
the RBA but Australia is not Argentina or Turkey
https://www.theguardian.com/australia-news/2023/nov/27/rba-australia-government-treasurer-power-to-overturn-reserve-bank-decisions-scrapped
Central banks must be credible to be effective and that means separating rates decision-making from short-term government priorities
https://www.bloomberg.com/news/articles/2023-12-13/nz-government-removes-employment-housing-from-rbnz-policy-remit
https://www.bloomberg.com/news/articles/2023-11-26/australia-to-introduce-legislation-this-week-to-overhaul-the-rba
https://www.theguardian.com/australia-news/2023/nov/27/rba-australia-government-treasurer-power-to-overturn-reserve-bank-decisions-scrapped
Central banks must be credible to be effective and that means separating rates decision-making from short-term government priorities