The Reserve Bank of New Zealand re-negotiated its inflation target band in 2003 from 0 per cent-3 per cent p.a. to 1 per cent-3 per cent p.a. Explain why this shift may have occurred.

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The Answer of The Reserve Bank of New Zealand re-negotiated its inflation target band in 2003 from 0 per cent-3 per cent p.a. to 1 per cent-3 per cent p.a. Explain why this shift may have occurred.

The Reserve Bank of New Zealand Re-Negotiated Its Inflation Target