The Central Bank of New Zealand has lost its independence in the last three decades.

Name: The Central Bank of New Zealand has lost its independence in the last three decades.
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Question

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The Reserve Bank of New Zealand has maintained its operational independence in setting monetary policy without direct government intervention, a principle that has been upheld since the Reserve Bank of New Zealand Act was significantly reformed in 1989 to grant the bank independence.

The Central Bank of New Zealand Has Lost Its Independence