The Reserve Bank should focus on
monetary policy and prudential supervision, rather than hiring a Maori Cultural Capability
Advisor, says the New Zealand Taxpayers’ Union.
Taxpayers’ Union Executive Director Jordan Williams
says “The Reserve Bank has a specific and exclusive job of
managing the health of New Zealand’s monetary system. For
the sake of New Zealand’s economy, it is important that
the Reserve Bank takes this job very seriously and invest
its limited resources effectively. There is simply no need
for the Reserve Bank to have a cultural capability
team.”
“Teaching Bank economists about Tane Mahuta
when the Bank’s reputation is following that of The
Treasury is a waste of money. The Bank should stick to its
knitting.”
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