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flag NZ Prime Minister calls for more monetary stimulus, sparking debate over bank independence.

flag New Zealand Prime Minister Christopher Luxon has revealed he shares his views on monetary policy with the Reserve Bank Governor, sparking debate over the bank's independence. flag Luxon has suggested the economic recovery is too slow and that more monetary stimulus is needed, though he insists he respects the bank's independence. flag The Reserve Bank recently cut the Official Cash Rate to 3% and is considering changes to bank capital ratios, which could lower borrowing costs.

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