New Zealand Finance Minister Grant Robertson has defended the central bank’s dual mandate as “normal” and not something that’s caused inflation or interest rates to be unnecessarily high.

“Adrian has said very clearly that the decisions he’s made since we changed the mandate, in particular in the last few years, have not been affected by the fact that he had the dual mandate,” Robertson said at an event Tuesday in Wellington, referring to Reserve Bank Governor Adrian Orr. “He would’ve made the same decision with or without the dual mandate.”

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NZ’s Robertson Says Dual Mandate Didn’t Change RBNZ Decisions