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NZ Has ‘Single-Minded’ Focus on Tackling Prices, Luxon Says
New Zealand’s new government has a “single-minded” focus on slowing inflation so that interest rates can begin to fall, Prime Minister Christopher Luxon said in an interview during his first official visit abroad since taking office. “My government in the first four weeks has been incredibly focused in dealing with the number one job that we have which is to tackle inflation and get it down below 3% again,” Luxon said in an interview with Bloomberg Television in Sydney on Wednesday. “So we can lower inflation, lower interest rates, and keep the economy growing.” The Reserve Bank last month delivered an ... (full story)